By  on February 3, 2012

The Estée Lauder Cos. Inc. is training a wary eye on Europe and China while pursuing its ever-more customer-centric strategy.

In reporting a 15.4 percent increase in second-quarter profits and releasing third-quarter guidance, Lauder said it anticipated a slowdown in the rate of sales growth in Western Europe and in China — a statement that sent its shares down 2.3 percent.

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