CORRECTION: Estee Lauder Cos Q4 Adj. EPS $0.07 Beats $(0.03) Estimate, Sales $3.61B Beat $3.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder Cos reported Q4 earnings of $0.07 per share, beating the analyst consensus estimate of $(0.03) by 333.33%. This is a decrease of 83.33% from the same period last year. The company also reported quarterly sales of $3.61 billion, beating the analyst consensus estimate of $3.47 billion by 4.01%. This is an increase of 1.35% from the same period last year.
August 18, 2023 | 10:57 am
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POSITIVE IMPACT
Estee Lauder's Q4 earnings and sales beat analyst estimates, despite a YoY decrease in earnings per share.
Estee Lauder's Q4 earnings and sales exceeded analyst expectations, which is generally a positive signal for the stock. However, the YoY decrease in earnings per share might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100