The Estée Lauder Companies Reports Solid Sales and Earnings Growth in Fiscal 2016 Third Quarter
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Estee Lauder (EL) Tops Q3 EPS by 15c
May 3, 2016 6:47 AM EDTEstee Lauder (NYSE: EL) reported Q3 EPS of $0.76, $0.15 better than the analyst estimate of $0.61. Revenue for the quarter came in at $2.66 billion versus the consensus estimate of $2.66 billion.
Fabrizio Freda, President and Chief Executive Officer, said, On the strength of our unique brands and agile execution, we posted constant currency sales gains in all our regions and most of our product categories and channels. Our results this quarter were again highlighted by strong top line growth in our international business, driven by higher sales in virtually every market we serve. We are... More
