((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
April 18 – ** Shares of cosmetics giant Estee Lauder EL.N and cosmetics maker CoverGirl Coty
COTY.N are up in afternoon trading
** EL shares rise ~5%, COTY ~3% after peer L’Oréal OREP.PA reports higher first-quarter sales () thanks to strong demand
** The French cosmetics giant posts an increase in quarterly sales of 8.3% against a consensus of 6.1%, cited by Jefferies analysts
** L’Oréal says sales in North America and Europe rose more than 12% as its consumer range and dermatology products offset weakness in the luxury segment
**Through the latest close, EL was down almost 1%, while COTY was down about 12% year to date