Estee Lauder Shares Jump on Q4 Earnings

But the company's current quarter and year outlook trail forecasts

   

Estee Lauder (NYSE:EL) announced on Tuesday that it earned $51.2 million during its fiscal fourth quarter, up 25% from $41.1 million in the same period last year.

The cosmetics maker recorded revenue of $2.25 billion, up 9% from $2.06 billion in 2011.

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Adjusted EPS for the quarter was 17 cents. That narrowly beat Wall Street, which was looking for 16 cents a share, Fox Business noted.

Investors liked the news. Shares of Estee Lauder soared more than 10% in Tuesday afternoon trading, topping $60 a share.

The company reported strong sales in all regions and predicted that current quarter sales would increase between 5% and 7% over last year.  Earnings for the first fiscal quarter were estimated between 71 cents and 77 cents.

That fell short of analysts who predict earnings of 78 cents a share for the current quarter.

Looking forward, company officials anticipate profits of between $2.44 and $2.56 a share for fiscal 2013. That also fell short of Wall Street, which expects profits of $2.57 a share.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/estee-lauder-shares-jump-on-q4-earnings/.

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