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The Estée Lauder Companies beat Wall Street estimates for first-quarter sales and profit on Thursday on strong demand for its Le Labo and Tom Ford fragrances and an uptick in China demand, in fresh signs the beauty company’s turnaround push is starting to work.
Shares of the company, which maintained its annual forecasts, rose about 6 percent in premarket trading.
In the midst of a turnaround under CEO Stephane de La Faverie, Estée Lauder has resorted to ramping up luxury launches,…
