New york: Estee Lauder Cos Inc reported higher quarterly sales and profit and reaffirmed its full-year forecast for sales growth, pointing to strong US demand, which is helping counteract weak markets like southern Europe and South Korea.
Estee Lauder reported net income of US$447.5mil, or US$1.13 a share, for the second quarter ended Dec 31, up from US$396.7mil, or US$1.00 a share, a year earlier. Sales in the fiscal second quarter grew 7.1% to US$2.93bil. – Reuters
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