UBS Raises Estee Lauder (EL) EPS Above Consensus and Guidance
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The Estée Lauder Companies Delivers Strong Sales and Earnings Growth in Fiscal 2016 First Quarter
November 2, 2015 6:45 AM ESTAdjusted Constant Currency Earnings Per Share Rise 16% on 8% Net Sales Growth
Fiscal 2016 Sales and Earnings Outlook Remains Strong
NEW YORK--(BUSINESS WIRE)-- The Estée Lauder Companies Inc. (NYSE: EL) today reported strong financial results for its first quarter ended September 30, 2015. For the quarter, the Company achieved net sales of $2.83 billion, an 8% increase compared with $2.63 billion in the prior-year quarter. Net earnings increased 36% to $309.3 million, compared with $228.1 million last year, and diluted net earnings per common share increased 39% to $.82, compared with $.59 reported in the prior year. For the... More
