UPDATE: Estee Lauder Reports 72% Rise In Q4 Net Income, Issues Downbeat Forecast

The Estee Lauder Companies Inc EL reported a 72% rise in its fourth-quarter net income. Estee Lauder reported its quarterly net income at $41.1 million, or $0.20 per share, up from $23.9 million, or $0.12 per share, in the year-ago period. Estee Lauder's net income, excluding restructuring costs, came in at $0.24 per share. Its revenue climbed 12% y/y to $2.06 billion from $1.84 billion. However, analysts were expecting earnings of $0.24 per share on revenue of $2.03 billion. For the year, Estee Lauder expects earnings of $4 to $4.20 per share, below analysts' estimates of $4.37 per share. Estee Lauder shares dipped 6.30% to $94.50 in pre-market trading.