© Reuters. An Estée Lauder cosmetic counter can be seen in Los Angeles
(Reuters) – Estee Lauder (NYSE 🙂 Cos Inc missed analysts’ estimates for third-quarter sales on Monday, hurt by weak demand for the cosmetics maker’s premium makeup products as people continued to work from home.
Net sales increased from $ 3.35 billion a year ago to $ 3.86 billion. According to IBES data from Refinitiv, analysts had expected sales of 3.94 billion US dollars.
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