Solid growth at Estee Lauder in FQ2

|By:, SA News Editor

Estee Lauder (EL) saw revenue gains in the Americas and Europe/Middle East/Africa help to offset a 6% dip in Asia during FQ2. Overall, the growth in the quarter looked stronger than what peers reported.

Revenue in all product segments rose except for Skin Care which fell back 1%.

The company reaffirms annual guidance at $2.80-$2.87, but guides its estimates for FQ3 to below consensus.