Estee Lauder Cos Q3 2024 Adj EPS $0.97 Beats $0.49 Estimate, Sales $3.940B Beat $3.913B Estimate
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder Cos (NYSE:EL) reported Q3 2024 adjusted EPS of $0.97, surpassing the $0.49 estimate, with sales of $3.940B also beating the $3.913B estimate. This represents a 70.18% increase in earnings and a 5.04% increase in sales from the same period last year.

May 01, 2024 | 10:48 am
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Estee Lauder Cos reported a significant beat on both earnings and sales estimates for Q3 2024, with adjusted EPS at $0.97 against a $0.49 estimate and sales of $3.940B versus a $3.913B estimate.
The substantial beat on both earnings per share and sales estimates for Estee Lauder indicates a strong financial performance and operational efficiency, likely leading to positive investor sentiment and a potential increase in stock price in the short term. The significant outperformance compared to analyst expectations and year-over-year growth in earnings and sales underscore the company's robust market position and operational success, which are key drivers for stock appreciation.
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