Estee Lauder Companies Inc. (EL) reported third-quarter net earnings attributable to the company of $130.4 million or $0.33 per share, an increase from $124.7 million or $0.31 per share earned a year ago.
On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter grew to $2.25 billion from $2.17 billion in the previous year. Fifteen analysts had a consensus revenue estimate of $2.25 billion for the quarter.
Looking forward to the fourth quarter, the company expects net earnings per common share, including charges associated with restructuring activities, to be $0.10 to $0.15. Net earnings per common share before charges associated with restructuring activities are projected to be $0.11 to $0.16. Net sales are forecasted to increase between 10% and 11% in constant currency. Analysts expect the company to earn $0.20 per share on revenues of $2.19 billion for the quarter.
For full year, the company projects net earnings per share, including charges associated with restructuring activities, to be $2.14 to $2.19. Net earnings per share before charges associated with restructuring activities are projected to be $2.21 to $2.26. Net sales are forecasted to grow approximately 10% in constant currency. Analysts expect the company to earn $2.24 per share on revenues of $9.65 billion 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.