Estee Lauder beats 1Q profit and revenue expectations

MarketsAssociated Press

Estee Lauder Companies Inc. (EL) on Tuesday reported fiscal first-quarter net income of $228.1 million.

On a per-share basis, the New York-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring costs, came to 80 cents per share.

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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The beauty products company posted revenue of $2.63 billion in the period, which also topped Street forecasts. Analysts expected $2.62 billion, according to Zacks.

Estee Lauder expects full-year earnings in the range of $3.03 to $3.11 per share.

Estee Lauder shares have climbed nearly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9 percent. The stock has risen almost 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://www.automatedinsights.com/ap ) using data from Zacks Investment Research. EL stock research report from Zacks: http://www.zacks.com/ap/EL .

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Keywords:Estee Lauder,Earnings Report