Estee Lauder Beats Estimates (EL)

New York, New York-based Estee Lauder Companies, Inc. EL announced on Thursday morning that it beat consensus Wall Street estimates. Estee Lauder Companies, Inc reported that its 2nd quarter net earnings climbed 34% to $343.9 million, or $1.71 per share, up from $256.2 million, or $1.28 per share, a year earlier. Excluding special items, the company's earnings came in at $1.77 per share. Estee Lauder Companies, Inc reported revenue of $2.49 billion, up 10% from $2.26 billion a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.45 per share, on revenue of $2.42 billion. Estee Lauder Companies, Inc. (EL) closed the previous trading day at $80.56 per share. Analysts covering the company's stock give it a consensus price target of $85.47 per share. Estee Lauder Companies, Inc is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. Read more from Benzinga's Company news.