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On Thursday, Estée Lauder Companies’ executives were in an upbeat mood, but shy of ecstatic. After four quarters of decline, and a stock price that’s more than halved in the last two years, the US conglomerate reported a 3 percent uptick in organic net sales for the three months ended Sept. 30, with some gains in challenged areas like China and travel retail.
Topline revenue, profits, and margins all expanded, demonstrating that the company can bank savings and still eke out sales…
