May 1 (Reuters) - Cosmetics giant Estee Lauder ( EL )
posted a smaller-than-expected drop in third-quarter sales on
Thursday, supported by resilient demand for its fragrances and
haircare even as the broader makeup and beauty category
underperformed.
The MAC lipstick maker's net sales fell 10% to $3.55 billion
during the period. Analysts on an average estimated a fall of
10.72% to $3.52 billion, according to data compiled by LSEG.