Estee Lauder posts 2Q profit, results beat Street expectations

MarketsAssociated Press

Estee Lauder Companies Inc. (EL) on Thursday reported fiscal second-quarter earnings of $435.7 million.

The New York-based company said it had profit of $1.13 per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The beauty products company posted revenue of $3.04 billion in the period, also exceeding Street forecasts. Analysts expected $3.01 billion, according to Zacks.

Estee Lauder expects full-year earnings in the range of $2.93 to $3.01 per share.

Estee Lauder shares have fallen almost 5 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped roughly 1 percent. The stock has increased nearly 5 percent in the last 12 months.

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

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Keywords: Estee Lauder, Earnings Report