Estee Lauder Companies Inc (NYSE:EL) reported its fourth-quarter fiscal 2019 results today, with EL stock making big gains as a result.
10th Consecutive Quarter of GrowthThe New York-based cosmetics manufacturer reported net sales of $14.86 billion USD, an increase of 9% from $13.68 billion in the previous year. Net earnings rose to $1.79 billion USD from $1.11 billion USD last year, while total operating income rose by 13% from $2.06 billion USD to $2.31 billion USD, a 13% increase from last year. These results marked the 10th consecutive quarter in which EL has improved its ...
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