Estee Lauder Reports Earnings of 95 Cents Per Share
Sales rose 14% to $2.09 billion, the company said in a statement.
"We had an excellent quarter and made a strong entrance into fiscal 2011 with solid, double-digit top and bottom line growth," CEO Fabrizio Freda said. "Our decision to invest substantial funds in advertising spending during the previous quarter built momentum in our businesses."
The company now expects full fiscal year earnings of $2.90 to $3.10 per share.