Estee Lauder revenue misses estimates By Reuters

© Reuters. An Estée Lauder cosmetics counter is seen in Los Angeles

(Reuters) – Estee Lauder (NYSE:) Cos Inc missed analysts’ estimates for third-quarter sales on Monday, hurt by sluggish demand for the cosmetics maker’s premium makeup products as people continued working from home.

Net sales rose to $3.86 billion from $3.35 billion a year earlier. Analysts had expected sales of $3.94 billion, according to Refinitiv IBES data.

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