Fri. Nov 22nd, 2019

Estee Lauder earnings, stock rise also lifts discount competitor E.L.F. Beauty

1 min read

Estee Lauder Cos.

ELF, +8.28%

stock soared more than 11% in Monday trading after the beauty and skincare company reported fourth-quarter earnings that beat expectations. The upbeat result also gave competitor E.L.F. Beauty Inc.

ELF, +8.28%

a bump, with that stock jumping 6.4%. Estee Lauder brands, including its namesake, Clinique and La Mer, operate on the high-end of the beauty spectrum. While E.L.F., which sells many items priced at $10 and below, is more affordable. Estee Lauder stock is up 53% for the year to date. E.L.F. shares are up more than 102%. And the S&P 500 index

SPX, +1.33%

is up 16.8% for the period.

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