Estee Lauder: Fiscal Q1 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 06:50 AM ET
Last Updated - Dec 16, 2024, 05:48 PM EST
NEW YORK (AP) — NEW YORK (AP) — Estee Lauder Companies Inc. (EL) on Thursday reported a loss of $156 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of 43 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The beauty products company posted revenue of $3.36 billion in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $3.37 billion.
