Shares of Estee Lauder Cos EL moved higher by 2.2% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 88.37% over the past year to $1.62, which beat the estimate of $1.31.
Revenue of $3,864,000,000 up by 15.52% from the same period last year, which missed the estimate of $3,930,000,000.
Outlook
Estee Lauder sees FY21 EPS growth of 45%-47%, and sales growth of 11%-12%.
Details Of The Call
Date: May 03, 2021
Time: 09:30 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/el/mediaframe/41559/indexr.html
Technicals
52-week high: $318.34
52-week low: $158.25
Price action over last quarter: Up 14.29%
Company Description
Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (52% of 2020 sales), makeup (33%), fragrance (11%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins. The firm operates in 150 countries, with 27% of revenue stemming from the Americas, 44% from Europe, the Middle East and Africa, and 30% from Asia-Pacific. The company sells its products through department stores, travel retail, multibrand specialty beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
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