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.
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