Investing.com - Estee Lauder (NYSE:EL) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Estee Lauder announced earnings per share of $2.55 on revenue of $4.85B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $4.49B.
Estee Lauder shares are down 4% from the beginning of the year and are trading at $253.05 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.08% from the start of the year.
Estee Lauder follows other major Consumer/Non-Cyclical sector earnings this month
Estee Lauder's report follows an earnings beat by Procter&Gamble on Wednesday, January 20, 2021, who reported EPS of $1.64 on revenue of $19.75B, compared to forecasts EPS of $1.51 on revenue of $19.27B.
Philip Morris had beat expectations on Thursday with fourth quarter EPS of $1.26 on revenue of $7.44B, compared to forecast for EPS of $1.21 on revenue of $7.38B.
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