More on Estee Lauder's (EL) FQ3: Skin Care revenue +9% Y/Y to $1.02B, led by new launches from...
May 4 2012, 08:19 ET
More on Estee Lauder's (EL) FQ3: Skin Care revenue +9% Y/Y to $1.02B, led by new launches from Estee Lauder brand. Makeup and Fragrance revenue flat Y/Y. Says results negatively impacted by order shifts in advance of implementation of SAP in different geographic locations. Expects FY12 EPS of $2.14-$2.19 on "broad-based" growth, with FQ4 EPS coming in at $0.11-$0.16. Forecasts it will realize savings of between $140M-$150M during year in connection to long-term strategic plan. Shares -3.6% premarket. PR