Estée Lauder (EL) Tops Q3 EPS by 21c; Guides FY15 EPS Above Expectations
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The Estée Lauder Companies Third Quarter Results Exceed Expectations
May 5, 2015 7:30 AM EDTIn Constant Currency, Net Sales Climb 8%, EPS up 49%
Earnings Per Share Rise to $.72 before Charges
NEW YORK--(BUSINESS WIRE)-- The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales for its third quarter ended March 31, 2015 of $2.58 billion, a 1% increase, compared with $2.55 billion in the prior-year quarter. The Company reported a 200 basis-point increase in operating margin, and net earnings for the quarter rose 28% to $272.1 million, compared with $213.2 million last year. Diluted net earnings per common share increased 30% to $.71, compared with $.54 in the prior year. For the... More
