Estee Lauder: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ Estee Lauder Companies Inc. (EL) on Monday reported fiscal fourth-quarter profit of $157 million.
The New York-based company said it had net income of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 64 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The beauty products company posted revenue of $3.59 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $3.53 billion.
For the year, the company reported profit of $1.79 billion, or $4.82 per share. Revenue was reported as $14.86 billion.
For the current quarter ending in October, Estee Lauder expects its per-share earnings to range from $1.56 to $1.59. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.54.
The company expects full-year earnings in the range of $5.90 to $5.98 per share.
Estee Lauder shares have increased 38% since the beginning of the year, while the Standard & Poor’s 500 index has increased 15%. The stock has risen 32% in the last 12 months.