By  on October 31, 2019

Diversification is the name of the game for The Estée Lauder Cos. Inc.

Despite steep declines in makeup in the U.S. market, and sharp dips in Hong Kong, the beauty conglomerate posted a net sales gain of 11 percent, to $3.9 billion, and a net earnings increase of 19 percent, to $595 million, for its first fiscal quarter of 2020.

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