The Estée Lauder Companies' results remain weak in the third quarter
On Thursday, May 1, the U.S. cosmetics giant reported another quarter of disappointing results, primarily attributed to sluggish consumer spending. From January to March, the third quarter of the group's staggered fiscal year, The Estée Lauder Companies' net profit plunged 53% from the previous year, to USD 159 million. Excluding exceptional items, earnings per share came in at 65 cents, significantly surpassing the FactSet analyst consensus, which was of 31 cents. The Estée Lauder... - Industry buzz
On Thursday, May 1, the U.S. cosmetics giant reported another quarter of disappointing results, primarily attributed to sluggish consumer spending.
From January to March, the third quarter of the group's staggered fiscal year, The Estée Lauder Companies' net profit plunged 53% from the previous year, to USD 159 million.
Excluding exceptional items, earnings per share came in at 65 cents, significantly surpassing the FactSet analyst consensus, which was of 31 cents.
The Estée Lauder...
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Industry buzz
