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Beauty Industry

Company reports strong international growth

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By: Jamie Matusow

Editor-in-Chief

The Estée Lauder Companies Inc. reported $1.88 billion in net sales for its fiscal third quarter ended March 31, 2008—an 11% increase over the $1.69 billion reported in the prior-year quarter. Excluding the impact of foreign currency translation, net sales rose 7%, according to the company.

Net earnings for the quarter were $90.1 million—a drop compared to $93.9 million last year.

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