(RTTNews) - The Estée Lauder Companies Inc. (EL) released a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.09 billion, or $2.97 per share. This compares with $0.87 billion, or $2.37 per share, in last year's second quarter.
Excluding items, The Estée Lauder Companies Inc. reported adjusted earnings of $1.10 billion or $3.01 per share for the period.
Analysts on average had expected the company to earn $2.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.2% to $5.54 billion from $4.85 billion last year.
The Estée Lauder Companies Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $1.09 Bln. vs. $0.87 Bln. last year. -EPS (Q2): $2.97 vs. $2.37 last year. -Analyst Estimate: $2.64 -Revenue (Q2): $5.54 Bln vs. $4.85 Bln last year.
-Guidance: Next quarter EPS guidance: $1.55 - $1.65 Full year EPS guidance: $7.43 - $7.58
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