(Reuters) – Estee Lauder (NYSE:EL) Cos Inc beat Wall Street expectations for quarterly sales on Tuesday, as shoppers in North America and Europe bought more of the cosmetics maker’s skincare and makeup products after the easing of lockdown restrictions.
Net sales rose to $4.39 billion in the first quarter, from $3.56 billion a year earlier. Analysts on average had expected sales of $4.25 billion, according to IBES data from Refinitiv.
