Estee Lauder Reports Good Results
As the recession ends, the beauty products industry is one of the ‘unsuspecting’ sectors which have surprised analysts this earnings season, with better-than-expected results. Estee Lauder Co. is the latest to report results for its first quarter which trumped analysts’ estimates of US$0.34 per share, with a profit of US$140.7M or US$0.71 per share, up from US$51.1M or US$0.26 per share a year earlier.
Estee Lauder boasted higher earnings across all of its segments, which were helped by improved demand in Asia.