UPDATE: Estee Lauder Reports FQ3 Earnings of $124.7 million

Estee Lauder Companies Inc EL released its results for the fiscal third quarter today. The company reported its quarterly earnings at $124.7 million, or $0.62 per share, up from $57.5 million, or $0.28 per share, in the year-ago period. The company's net sales increased to $2.17 billion from $1.86 billion. However, analysts were expecting earnings of $0.57 per share on revenue of $2.04 billion. EL shares fell 0.38% to close at $95.81 yesterday. Read more from Benzinga's Company news.