Investing.com - Estee Lauder (NYSE:EL) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.67 on revenue of $3.90B. Analysts polled by Investing.com expected EPS of $1.6 on revenue of $3.85B. That compared to EPS of $1.5 on revenue of $3.52B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $3.59B in the previous quarter.
For the year, Estee Lauder shares are up 48.55%, outperforming the S&P 500 which is up 23% year to date.
Estee Lauder follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, October 22, 2019, Procter&Gamble reported first quarter EPS of $1.37 on revenue of $17.8B, compared to forecasts of EPS of $1.24 on revenue of $17.45B.
Coca-Cola earnings matched analyst's expectations on Friday, October 18, 2019, with third quarter EPS of $0.56 on revenue of $9.5B. Investing.com analysts expected EPS of $0.56 on revenue of $9.43B
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