Reported about 10 hours ago
Estee Lauder has exceeded Wall Street's forecasts for first-quarter sales, indicating a positive trend in CEO Stephane de La Faverie's turnaround strategy, as shares rose approximately 5% in premarket trading. The company reported sales of $3.48 billion, surpassing the $3.38 billion predictions, by adapting its production and enhancing marketing efforts to tackle rising costs in the retail sector.
Source: YAHOO