Fashion

The Estée Lauder Companies Inc. Q2 adjusted earnings Beat Estimates


Washington – The Estée Lauder Companies Inc. (EL)
reported a profit for its second quarter that rose from the same
period last year.

The company’s earnings came in at 873 million dollars, or 2.37 dollars
per share.
This compares with 557 million dollars, or 1.52 dollars per share, in last
year’s
second quarter.

Excluding items, The Estée Lauder Companies Inc. reported adjusted
earnings of 960 million dollars or 2.61 dollars per share for the
period.

Analysts had expected the company to earn 1.69 dollars per share,
according
to figures compiled by Thomson Reuters. Analysts’ estimates
typically exclude special items.

The company’s revenue for the quarter rose 5.0 percent to 4.85 billion
dollars from
4.62 billion dollars last year.

The Estée Lauder Companies Inc. earnings at a glance:

  • Earnings (Q2): 960 million dollars vs. 774
    million dollars last year.
  • EPS (Q2): 2.61 dollars vs. 2.11 dollars last year.
  • Analysts Estimate: 1.69 dollars
  • Revenue (Q2): 4.85 billion dollars vs. 4.62 billion dollars last
    year.

Guidance:

Next quarter EPS guidance: 1.10 – 1.20 dollars



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