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May 4 (Reuters) – Est (c)e Lauder Cos Inc reported a
higher quarterly profit on Friday, helped by large gains in
sales of its makeup and skin-care products at U.S. department
stores that helped mitigate declines in European markets like
France.
The maker of Bobbi Brown, MAC and other cosmetics, reported
net profit rose 4.6 percent to $130.4 million, or 33 cents a
share, in the third quarter ended March 31, up from $124.7
million, or 31 cents a share, a year earlier.
Net sales rose 3.8 percent to $2.25 billion. For the current
quarter, Estee Lauder expects net sales to rise 10 percent to 11
percent in constant currency terms.
