Estee Lauder (EL -3.6%) heads lower after delivering mixed FQ2 results and guiding for FY12 EPS...

|By:, SA News Editor

Estee Lauder (EL -3.6%) heads lower after delivering mixed FQ2 results and guiding for FY12 EPS of $2.16-$2.23, below a $2.26 consensus. A significant ramp in ad spending leads Estee to guide for FQ3 EPS of just $0.28-$0.32, well below a $0.41 consensus. However, the company notes strong demand from wealthy U.S. consumers is propping up sales, and offsetting weak Euro demand.