BUZZ-Estee Lauder, Coty up after peer L'Oreal posts rise in Q1 sales

Reuters04-19

** Shares of cosmetics giant Estee Lauder and CoverGirl cosmetics maker Coty up in afternoon trading

** EL shares up ~5%, COTY rise ~3% after peer L'Oreal

posts rise in Q1 sales on strong demand

** French cosmetics giant posts quarterly sales rise of 8.3% on reported basis vs consensus of 6.1%, cited by Jefferies analysts

** L'Oreal says sales in North America and Europe grew by more than 12%, as its mass market range and dermatological products compensated for weakness in the luxury segment

** Up to last close, EL fell nearly 1% while COTY fell about 12% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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