Estee Lauder Reports Earnings of 95 Cents Per Share

The Estee Lauder Companies (EL) reported earnings of 95 cents per share for the quarter ended Sept. 30, compared with 71 cents per share a year earlier.

Sales rose 14% to $2.09 billion, the company said in a statement.

Sponsored Links
The results included charges associated with restructuring activities, which amounted to 2 cents per share.

"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.






Read Full Story

Markets

DJIA 21,394.76 -2.53 -0.01%
NASDAQ 6,265.25 28.56 0.46%
S&P 500 2,438.30 3.80 0.16%
NIKKEI 225 20,132.67 22.16 0.11%
HANG SENG 25,670.05 -4.48 -0.02%
DAX 12,733.41 -60.59 -0.47%
USD (per EUR) 1.12 0.00 0.00%
USD (per CHF) 0.97 0.00 0.00%
JPY (per USD) 111.28 0.02 0.01%
GBP (per USD) 1.27 0.00 -0.01%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.