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CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
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Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
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Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Today, skincare and makeup company The Estée Lauder Companies Inc posted a better-than-expected quarterly earnings report, beating analysts’ expectations.
According to Reuters, Sales from its makeup division increased to 14 percent at USD1.16 billion when compared to the figures in the same period last year. The net income also rose to USD309.3 million or USD0.82 cents per share in the third quarter ended September 30. A year earlier, net income posted was USD228.1 million or USD0.59 cents per share.
Moreover, the company also announced a 25 percent increase in its quarterly dividend on the Company’s Class A and Class B Common Stock. The increase amounts to USD0.30 per share, which is reportedly payable on December 15 this year at the company’s close of business on November 30. In the same period last year, stockholders on record got to receive USD0.24 per share in quarterly dividends.
