Estee Lauder announced earnings per share of $-0.53 on revenue of $2.43B. Analysts polled by Investing.com anticipated EPS of $-0.22 on revenue of $2.42B.
Estee Lauder shares are up 2% from the beginning of the year, still down 3.59% from its 52 week high of $220.42 set on January 17. They are under-performing the S&P 500 which is up 4.46% from the start of the year.
Estee Lauder’s report follows an earnings beat by Procter&Gamble on July 30, who reported EPS of $1.16 on revenue of $17.7B, compared to forecasts EPS of $1.01 on revenue of $16.95B.
Unilever NV ADR had matched expectations on July 23 with second quarter EPS of $1.4 on revenue of $15.42B, compared to forecast for EPS of $1.4 on revenue of $13.87B.
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