Investing.com - Estee Lauder (NYSE:EL) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Estee Lauder announced earnings per share of $1.44 on revenue of $3.56B. Analysts polled by Investing.com anticipated EPS of $0.89 on revenue of $3.45B.
Estee Lauder shares are up 6% from the beginning of the year, still down 6.86% from its 52 week high of $235.84 set on October 23. They are outperforming the S&P 500 which is up 1.21% 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 October 20, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.
Coca-Cola had beat expectations on October 22 with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.
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