SUBSCRIBERS
Estee Lauder shares jump as profit forecast exceeds expectations
Its push to acquire hipper brands and expand its e-commerce business has paid off
Add BT as a preferred sourcePublished Mon, Aug 21, 2017 · 09:50 PM
New York
ESTEE Lauder Cos, the seven-decade-old cosmetics company, is getting a pay-off from its push to acquire hipper brands and expand its e-commerce business.
The shares jumped as much as 8.1 per cent on Friday, the most since November 2015, after the beauty company forecast annual profit that exceeded Wall Street expectations.
Share with us your feedback on BT's products and services
