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Estee Lauder Posts Strong Sales And Earnings Gains In 3Q Of FY 2016

May 3, 2016: 12:00 AM EST
Estee Lauder Companies reported net sales rose 3 percent to $2.66 billion in the third quarter ending March 31, 2016, compared with $2.58 billion in the same quarter of the previous year. Net earnings declined to $265.6 million, compared with $272.1 million in the previous year. Diluted net earnings per common share stayed at $0.71, the company said. For the quarter, the company recorded charges of $15.2 million in connection with its efforts to transform its global technology infrastructure.
"The Estée Lauder Companies Reports Solid Sales and Earnings Growth in Fiscal 2016 Third Quarter", Estée Lauder, May 03, 2016, © The Estée Lauder Companies
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