Estee Lauder Beats Quarterly Sales Estimates

Reuters

10/30

Oct 30 (Reuters) - Estee Lauder beat Wall Street estimates for first-quarter sales on Thursday, a sign that CEO Stephane de La Faverie's turnaround push was beginning to take hold, with improving market share in regions like Japan and North America.

The company posted quarterly sales of $3.48 billion, compared with analysts' estimate of $3.38 billion, according to data compiled by LSEG.

Estee Lauder shares jumped 6% in premarket trading.

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