Strong demand for makeup drives Estee Lauder's glossy sales forecast
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Estee Lauder (EL) Edges Higher on Strong Results and Guidance, Analysts Raise PTs
August 20, 2021 8:36 AM EDTShares of Estee Lauder (NYSE: EL) are up by nearly 1% in pre-open Friday after the company reported a strong FQ4 report and guidance.
EL reported Q4 EPS of $0.78, to easily top the analyst estimates of $0.28 better than the analyst estimate of $0.50. Revenue for the quarter came in at $3.94 billion to again top the consensus estimate of $3.73 billion.
We delivered outstanding results in fiscal 2021, capped by an exceptional fourth quarter and powered by our multiple engines of growth strategy as well as the timeless desirability of prestige beauty. Notably, both sales and profitability meaningfully... More
