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Estée Lauder reported strong financials despite major investors reducing their shares.
ELO Mutual Pension Insurance and Prudential Financial Inc. reduced their holdings in Estée Lauder Companies (EL) shares in the fourth quarter of 2019.
Despite the share sales, Estée Lauder reported strong financials, with a 42.1% stock increase, $4 billion in revenue, and EPS of $0.62, surpassing analyst estimates.
Notable insider buys included Director Paul J. Fribourg and CFO Akhil Shrivastava.
Analysts predict a 1.36 EPS for the current year.
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Estée Lauder informó de fuertes finanzas a pesar de que los principales inversores redujeron sus acciones.