Estee Lauder tops 4Q earnings expectations, misses revenue forecasts

StocksAssociated Press

Estee Lauder Companies Inc. (EL) on Monday reported fiscal fourth-quarter profit of $153 million.

The New York-based company said it had profit of 40 cents per share.

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The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The beauty products company posted revenue of $2.52 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.55 billion.

For the year, the company reported profit of $1.09 billion, or $2.82 per share. Revenue was reported as $10.78 billion.

Estee Lauder expects full-year earnings to be $3.10 to $3.17 per share.

Estee Lauder shares have risen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 2 percent. The stock has climbed 17 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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