Estee Lauder: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ Estee Lauder Companies Inc. (EL) on Wednesday reported fiscal first-quarter profit of $500 million.

On a per-share basis, the New York-based company said it had profit of $1.34. Earnings, adjusted for non-recurring costs, were $1.41 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The beauty products company posted revenue of $3.52 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $3.48 billion.

For the current quarter ending in January, Estee Lauder expects its per-share earnings to range from $1.47 to $1.50. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.62.

The company expects full-year earnings in the range of $4.73 to $4.82 per share.

Estee Lauder shares have risen almost 3 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EL at https://www.zacks.com/ap/EL