Estée Lauder undergoes a profit makeover to swoon investors

Key PointsEstée Lauder is a global cosmetics company with over 20 prestige brands, including Clinique, La Mer, Bobbi Brown and MAC Cosmetics.The company's restructuring plan includes a 3% to 5% workforce reduction and charges of between $500 million to$700 million.The company raised its incremental operating profit forecast from its Profit Recovery Plan to $1.1 billion to$1.4 billion, up from $800 million to$1 billion in previous estimates.5 stocks we like better than Estée Lauder CompaniesIconic prestig ...