by Christopher Freeburn | August 14, 2012 3:02 pm
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.
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.
Source URL: https://investorplace.com/2012/08/estee-lauder-shares-jump-on-q4-earnings/
Short URL: http://invstplc.com/1nKjc0C
Copyright ©2018 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.