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Estee Lauder beats quarterly sales estimates

Aug 19 (Reuters) - Estee Lauder Cos Inc on Thursday beat market estimates for quarterly sales, as the cosmetics maker benefited from a rebound in demand for makeup products in the United States following the easing of coronavirus restrictions.

Net sales rose to $3.94 billion in the fourth quarter, from $2.43 billion a year earlier. Analysts had expected net sales of $3.75 billion, according to IBES data from Refinitiv. (Reporting by Praveen Paramasivam in Bengaluru, Editing by Sherry Jacob-Phillips)

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