Estee Lauder: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ Estee Lauder Companies Inc. (EL) on Monday reported fiscal fourth-quarter profit of $186 million.
The New York-based company said it had profit of 49 cents per share. Earnings, adjusted for one-time gains and costs, came to 61 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The beauty products company posted revenue of $3.3 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $3.25 billion.
For the year, the company reported profit of $1.11 billion, or $2.95 per share. Revenue was reported as $13.68 billion.
For the current quarter ending in October, Estee Lauder expects its per-share earnings to range from $1.18 to $1.22.
The company expects full-year earnings in the range of $4.62 to $4.71 per share.
Estee Lauder shares have climbed roughly 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased almost 7 percent. The stock has risen 28 percent in the last 12 months.