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NEW YORK, United States — Estée Lauder Companies Inc. on Thursday reported fiscal second-quarter earnings of $428 million.
On a per-share basis, the New York-based company said it had net income of $1.15. Earnings, adjusted for non-recurring costs, were $1.22 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The beauty products company posted revenue of $3.21 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.24 billion.
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For the current quarter ending in April, Estée Lauder expects its per-share earnings to range from 65 cents to 70 cents.
The company expects full-year earnings in the range of $3.29 to $3.33 per share.
Estée Lauder shares have risen 4.5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 2 percent. The stock has decreased 6.5 percent in the last 12 months.
