01.05.2024 12:54:44 - dpa-AFX: The Estée Lauder Companies Inc. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - The Estée Lauder Companies Inc. (EL) revealed a
profit for its third quarter that increased from last year and beat the Street
estimates.
The company's bottom line came in at $330 million, or $0.91 per share. This
compares with $156 million, or $0.43 per share, in last year's third quarter.
Excluding items, The Estée Lauder Companies Inc. reported adjusted earnings of
$554 million or $0.97 per share for the period.
Analysts on average had expected the company to earn $0.48 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 5.1% to $3.94 billion from $3.75
billion last year.
The Estée Lauder Companies Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $330 Mln. vs. $156 Mln. last year.
-EPS (Q3): $0.91 vs. $0.43 last year.
-Revenue (Q3): $3.94 Bln vs. $3.75 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.19 - $0.29
Full year EPS guidance: $2.14 - $2.24
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