Estee Lauder Companies Inc. (EL) reported second-quarter net earnings attributable to the company were $256.2 million, compared to $158.0 million last year. Net earnings per common share rose 60% to $1.28, compared with $.80 reported in the prior year.
For the second quarter, the Company had net sales of $2.26 billion, an 11% increase compared with $2.04 billion reported in the prior-year period. Excluding the impact of foreign currency translation, net sales increased 6% from the year-ago period.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.21 per share on revenues of $2.24 billion for the quarter. Analysts' estimates typically exclude special items.
For the third Quarter, Net sales are expected to increase between 4% and 7% in constant currency. Net earnings per share including charges associated with restructuring activities are projected to be between $0.17 and $0.27. Net earnings per share before charges associated with restructuring activities are projected to be between $0.20 and $0.30. Analysts expect the company to report earnings of $0.28 per share on revenues of $1.85 billion for the third-quarter.
For fiscal 2010, the Company projects net earnings per share, including charges associated with restructuring activities, to be between $2.26 and $2.53.
Net earnings per share before charges associated with restructuring activities for fiscal 2010 are now projected to be between $2.55 and $2.73. previously, the company had expected adjusted earnings forecast to a range of $1.95 and $2.10.
For fiscal 2010, Net sales are now forecasted to grow between 3% and 5% in constant currency, earlier, the company had expected net sales to be grow between 0% and 2% in constant currency. Analysts expect the company to report earnings of $2.59 per share on revenues of $7.78 billion for fiscal 2010.
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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.