Estée Lauder Posts 10% Loss In Third Quarter Report
The Estée Lauder Companies Inc. reported a 10% drop in net sales to $1.7 billion for its fiscal third quarter ended March 31, 2009. For the nine months ended March 31, 2009, Estée Lauder reported a 4% drop in net sales to $5.64 billion. For fiscal 2009, net sales are forecasted to drop 1-3%.
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