Estee Lauder Cos. (EL) reported first quarter net earnings of $0.71 per share Friday morning, up from the $0.26 posted last year. Excluding returns and charges, net earnings per share rose to $0.85. The consensus estimate was for EPS of $0.34.
The company expects to report second quarter EPS of $0.80 to $0.87 and full year 2010 EPS of $1.95 to $2.10. The consensus estimates are for EPS of $0.85 and $1.79 respectively.
Estee Lauder gapped up sharply Friday and has continued to rise in early trade. Shares are now higher by 4.20 at $45.34. The stock has broken out of a 2-week range and has set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.