Estee Lauder soars as CEO calls ‘inflection point’ — we remain guarded

A sales assistant arranges lipsticks at an Estee Lauder store.

Qilai Shen | Bloomberg | Getty Images

Shares of Estee Lauder popped more than 13% Monday after the cosmetics company delivered better-than-expected results for its fiscal second quarter. More important in driving the market action, however, was CEO Fabrizio Freda’s comment that “we are, encouragingly, at an inflection point.”

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