Estee Lauder Reports Earnings of 95 Cents Per Share

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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.

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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.






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