The Estée Lauder Companies Delivers Outstanding Fiscal 2020 First Quarter Results
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Estee Lauder (EL) Tops Q1 EPS by 7c; Raises Outlook
October 31, 2019 6:51 AM EDTEstee Lauder (NYSE: EL) reported Q1 EPS of $1.67, $0.07 better than the analyst estimate of $1.60. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.85 billion.
Fabrizio Freda, President and Chief Executive Officer said, We have started fiscal year 2020 with terrific results. Our winning strategy based on multiple engines of growth helped us deliver an extraordinary performance, especially in light of the volatile global environment, reflecting the agility and resiliency we have created in our business model.
Our sales growth was led by excellent results... More
