Fashion is On » cosmetics company http://fashionison.com All about fashion, beauty and jewellry Thu, 09 Sep 2010 01:09:59 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Estee Lauder Expects First-Quarter Results to Top Forecast http://fashionison.com/2009/10/estee-lauder-expects-first-quarter-results-to-top-forecast/ http://fashionison.com/2009/10/estee-lauder-expects-first-quarter-results-to-top-forecast/#comments Thu, 22 Oct 2009 12:51:36 +0000 admin http://fashionison.com/?p=1553 The New York-based company also said it expects to raise its per-share profit forecast, excluding items, for the year ending June 30 when it reports first-quarter results Oct. 30. It didn’t quantify the upside.

In August, Estee Lauder (EL 42.32, +0.41, +0.98%), which also owns other brands including Clinique and Bobbi Brown, projected a first-quarter profit excluding items of 23 cents to 30 cents a share and full-year earnings of $1.55 to $1.70 a share.

Analysts, on average, expected the company to earn 25 cents a share in the first quarter and $1.69 a share for the year, according to FactSet Research.

Demand in the first quarter was helped by growth in Asia, new-product launches and its travel retail business, the company said.

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