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Estee Lauder shares jump as profit forecast exceeds expectations
Its push to acquire hipper brands and expand its e-commerce business has paid off
Published 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.
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