Investing.com - Estee Lauder (NYSE:EL) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Estee Lauder announced earnings per share of $2.62 on revenue of $5.49B. Analysts polled by Investing.com anticipated EPS of $2.64 on revenue of $5.5B.
Estee Lauder shares are down 18% from the beginning of the year and are trading at $301.06 , down-from-52-week-high.They are under-performing the S&P 500 which is down 5.95% from the start of the year.
Estee Lauder follows other major Consumer Staples sector earnings this month
Estee Lauder's report follows an earnings matched by Procter&Gamble on Wednesday, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.66 on revenue of $20.34B.
Constellation Brands B had beat expectations on Thursday, January 6, 2022 with third quarter EPS of $3.12 on revenue of $2.32B, compared to forecast for EPS of $2.75 on revenue of $2.28B.
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