Estee Lauder earnings, stock rise also lifts discount competitor E.L.F. Beauty

Estee Lauder Cos. stock soared more than 11% in Monday trading after the beauty and skincare company reported fourth-quarter earnings that beat expectations. The upbeat result also gave competitor E.L.F. Beauty Inc. a bump, with that stock jumping 6.4%. Estee Lauder brands, including its namesake, Clinique and La Mer, operate on the high-end of the beauty spectrum. While E.L.F., which sells many items priced at $10 and below, is more affordable. Estee Lauder stock is up 53% for the year to date. E.L.F. shares are up more than 102%. And the S&P 500 index is up 16.8% for the period.

source https://finance.yahoo.com/m/a3039c33-02b1-3c79-a67f-00469b71e580/estee-lauder-earnings%2C-stock.html?.tsrc=rss

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