Estee Lauder Earnings, Revenue Beat in Q4
2022.08.18 14:13
Estee Lauder Earnings, Revenue Beat in Q4
Investing.com – Estee Lauder (NYSE:EL) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Estee Lauder announced earnings per share of $0.42 on revenue of $3.56B. Analysts polled by Investing.com anticipated EPS of $0.3299 on revenue of $3.43B.
Estee Lauder shares are down 8.6% from the beginning of the year, still down 26.10% from its 52 week high of $374.20 set on January 3. They are outperforming the S&P 500 which is down 10.33% from the start of the year.
Estee Lauder follows other major Consumer Staples sector earnings this month
Estee Lauder’s report follows an earnings beat by Walmart on Tuesday, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.63 on revenue of $150.93B.
Procter&Gamble had missed expectations on July 29 with fourth quarter EPS of $1.21 on revenue of $19.52B, compared to forecast for EPS of $1.22 on revenue of $19.4B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
