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Estee Lauder revenue beats estimates on strong holiday sales


    (Reuters) - Estee Lauder Cos Inc reported a better-than-expected rise in quarterly revenue, helped by higher demand for its skin care and makeup products during the holiday season.

    Net income attributable to the company rose to $435.7 million, or $1.13 per share, in the second quarter ended Dec. 31, from $432.5 million, or $1.09 per share, a year earlier.

    Net sales rose 1 percent to $3.04 billion, beating analysts average estimate of $3.01 billion, according to Thomson Reuters I/B/E/S.

    (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D'Souza)