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Net sales rise 18% compared to Q3 in 2017.
May 2, 2018
By: Christine Esposito
Editor-in-Chief
The Estée Lauder Companies Inc. today reported strong financial results for its third quarter ended March 31, 2018. Net sales were $3.37 billion, an increase of 18%, compared with $2.86 billion in the prior-year quarter. Net earnings rose 25% to $372 million, compared with $298 million last year. Excluding the impact of foreign currency translation, net sales increased 13%. For the quarter, the positive impact of foreign currency translation on diluted net earnings per common share was $.11....
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