Estee Lauder – the beauty conglomerate reported #Q1 earnings that came ahead of what the market expected.
The company had an EPS of $1.44, higher than the $0.89 forecasted. Compared to the $3.45 billion expected revenue, Estee posted figures that came in at $3.56 billion. However, #revenue is 8.55% lower compared to the one reported in the same quarter last year.
For the next quarter, Estee is looking for an #EPS of $1.45 to reach a high of $1.60. As for the revenue, it is expected to go up to $3.45 billion.
Following the report, Estee Lauder #stock price rose 4.7%. Since the beginning of the year, the company's stock price has gained 6%. At the same time, USA500 went up 1.21%.
Sources: finance.yahoo.com, investing.com