Skip to main content

Estee Lauder: Fiscal Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Estee Lauder Companies Inc. (EL) on Friday reported fiscal third-quarter net income of $89 million.

On a per-share basis, the New York-based company said it had net income of 24 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 91 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The beauty products company posted revenue of $3.71 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $3.7 billion.

Estee Lauder expects full-year earnings in the range of $2.35 to $2.45 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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related News

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary