Estée Lauder: Q2 EPS above estimates
(CercleFinance.com) - Estée Lauder has posted in Q2 2019-20 adjusted EPS (which in particular excludes restructuring costs) that is up 21% at 2.
11 dollars, twenty cents above the consensus.
The cosmetics and perfumes group saw its revenues increase by 15% to almost 4.62 billion dollars (+16% in adjusted data), with growth coming from all business segments.
For the current fiscal year, Estée Lauder says that it expects adjusted EPS of between 5.60 dollars and 5.70 dollars, up 9% to 11% at constant exchange rates, while it forecasts sales growth of 6% to 8%, in line with its long-term projections.
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11 dollars, twenty cents above the consensus.
The cosmetics and perfumes group saw its revenues increase by 15% to almost 4.62 billion dollars (+16% in adjusted data), with growth coming from all business segments.
For the current fiscal year, Estée Lauder says that it expects adjusted EPS of between 5.60 dollars and 5.70 dollars, up 9% to 11% at constant exchange rates, while it forecasts sales growth of 6% to 8%, in line with its long-term projections.
Copyright (c) 2020 CercleFinance.com. All rights reserved.