Estee Lauder Companies Posts Fiscal Q4 Beat

Estee Lauder Companies rose 4.8% in Friday’s pre-market session after it reported financial results for fiscal Q4 ended June 30, with better-than-expected earnings and revenue; it also provided earnings guidance for fiscal 2017 and fiscal Q1 above Street estimates. The company, which manufactures and markets skin care, makeup, fragrance and hair care products, posted adjusted earnings of $0.51 per share, ex one-time items, compared with the prior-year period’s $0.42 per share. Analysts polled by Capital IQ were expecting EPS of $0.43.

Revenue was $2.89 billion, up 9% from $2.65 billion in the same quarter last year. The Street view is for revenue of $2.86 billion. The company expects fiscal 2018 EPS of $3.87-$3.94, versus the Street of $3.70; net sales are forecast to increase between 8% and 9% or between 7% and 8% in constant currency.

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