Estee Lauder: Fiscal Q3 Earnings Snapshot
NEW YORK (AP) _ Estee Lauder Companies Inc. (EL) on Tuesday reported fiscal third-quarter profit of $558 million.
The New York-based company said it had profit of $1.53 per share. Earnings, adjusted for non-recurring costs, came to $1.90 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The beauty products company posted revenue of $4.25 billion in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $4.32 billion.
Estee Lauder expects full-year earnings in the range of $7.05 to $7.15 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EL at https://www.zacks.com/ap/EL