Prestige, Color Cosmetics Shine In Beauty Big-Leaguers' Q2 Earnings

The Estee Lauder Companies' namesake brand and Clinique unit are emphasizing makeup after years of focusing on skin care, illustrating the firm's ready capacity to shift directions and resources as consumer interests change. Lauder's strategic investments paid off in the second quarter, and Coty is hoping to see similar rewards as it builds the higher end of its portfolio and integrates newly acquired beauty brands.