Estée Lauder beats profit estimates as sales fall short

Estée Lauder Companies shares slid 0.6% in premarket trading Monday, after the cosmetics and beauty company posted stronger-than-expected profit for its fiscal third quarter but sales that missed estimates. The company posted net income of $456 million, or $1.24 a share, in the quarter to March 31, after a loss of $6 million, or 2 cents a share, in the year=-earlier period. Excluding restructuring charges and other one-time items, the company's adjusted EPS came to $1.59, ahead of the $1.32 FactSet consensus. Sales rose to $3.86 billion from $3.35 billion a year ago, but were below the FactSet consensus...