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Estee Lauder Sales Surge

The company posts a huge 4Q profit.

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By: Jamie Matusow

Editor-in-Chief

Estee Lauder Companies is reporting an 84% increase in fourth-quarter profits – due to strong sales in skincare and makeup, plus improved operating margins.

Estee Lauder’s shares rose more than 3 percent, and net income rose to $94 million – or 24 cents per share, in the quarter ended June 30th. A year earlier, these figures were $51.2 million, or 13 cents per share.

And – sales rose 7 percent to $2.41 billion.

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