Estee Lauder Earnings Beat, Revenue Misses In Q3 -Breaking
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© Reuters. Estee Lauder Earnings beat, but Revenue misses Q3Investing.com – Estee Lauder (NYSE: ) On Tuesday, the company reported its third quarter results. They beat forecasts by analysts and had revenue fall short of what was expected.
Estee Lauder reported earnings per share at $1.9 on revenues of $4.25B. Investing.com polled analysts to predict EPS at $1.67 for revenues of $4.32B.
Estee Lauder shares have fallen 29% since the start of the year. However, they are still 30.35% below their 52-week high of $374.20 on January 3. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
Estee Lauder is following other Consumer Staples major earnings this month
Estee Lauder’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola beat all expectations with its first quarter earnings per share (EPS) of $0.64 on $10.49B in revenue, as compared to the forecast of $0.5794 for revenue of $9.83B.
You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar
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