May 2 Estee Lauder Cos Inc reported a
better-than-expected third-quarter adjusted profit as demand for
its skincare products and prestige beauty brands rose globally.
Estee Lauder, known for its Bobbi Brown and Clinique brands,
said net income attributable to the company rose to $213.2
million, or 54 cents per share, from $178.8 million, or 45 cents
per share, a year earlier.
Excluding items, the company earned 64 cents per share in
the quarter ended March 31.
Sales rose 11 percent to $2.55 billion.
Analysts on average had expected the company to earn 55
cents per share on revenue of $2.49 billion, according to
Thomson Reuters I/B/E/S.
(Reporting by Devika Krishna Kumar in Bangalore; Editing by