Estee Lauder stock gained on news the that the company earned $213.2 million during its fiscal third quarter, up from $178.8 million during the prior-year period. Adjusted EPS came in at 64 cents per share, well above the 55 cents per share of Estee Lauder stock that Wall Street had forecast, the Associated Press noted.
Quarterly revenue of $2.55 billion was 11% higher than the $2.29 billion reported during the year-ago period. It also beat analysts’ estimates of $2.49 billion. Sales in the Americas grew 8%, while Asia Pacific sales jumped 14% and Europe, Middle East and Africa region sales surged 13%.
Estee Lauder raised its full-year profit guidance from earlier estimates of between $2.80 and $2.87 per share of Estee Lauder stock, to between $2.86 and $2.90 a share. Wall Street is expecting 2014 earnings of $2.87 per share.
On Thursday, Estee Lauder stock closed at $72.19 per share.
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