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Estee Lauder 1Q profit more than doubles
NEW YORK (AP) — A strong relaunch of a skin-care line and better-than-expected sales at airport stores helped Estee Lauder Cos. more than double its fiscal first-quarter profit, the company said Friday, but it remained cautious on the upcoming holiday season.
Investors were less cautious, sending shares up 8 percent by midday Friday and at one point touching a 52-week high.
Overall sales...
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