Estee Lauder: a strong quarter and forecasts.
(CercleFinance.com) - Estee Lauder reported strong Q4 results on Friday before Wall Street opened, including net profit of 229 million dollars, or 61 cents a share, compared with 94 million dollars, or 25 cents per share a year earlier.
Excluding extraordinary items, the American cosmetics group's EPS reached 51 cents, 9 more than in Q3, against a consensus of 43 cents.
Revenues also exceeded market expectations, reaching 2.89 billion dollars, up 9% y-o-y (+11% at constant exchange rates). FY revenues therefore increased by 5% to 11.82 billion dollars (+7% at constant exchange rates).
Regarding its outlook, Estee Lauder has indicated adjusted EPS of between 94 cents and 97 cents for this quarter (Q1 2017-18). Meanwhile, it expects FY revenues to increase by 9% to 10%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Excluding extraordinary items, the American cosmetics group's EPS reached 51 cents, 9 more than in Q3, against a consensus of 43 cents.
Revenues also exceeded market expectations, reaching 2.89 billion dollars, up 9% y-o-y (+11% at constant exchange rates). FY revenues therefore increased by 5% to 11.82 billion dollars (+7% at constant exchange rates).
Regarding its outlook, Estee Lauder has indicated adjusted EPS of between 94 cents and 97 cents for this quarter (Q1 2017-18). Meanwhile, it expects FY revenues to increase by 9% to 10%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.