Estee Lauder rises on robust annual profit outlook
EL•Quarterly results beat estimates
The company logged fourth-quarter net sales of $3.63 billion versus estimates of $3.54 billion.
It also reported quarterly adjusted EPS of 39 cents versus expectations of 32 cents.
Year to date, as of the last close, the stock was down about 20%.
Shares rise on upbeat annual profit outlook
Shares of cosmetics maker Estee Lauder, EL.N, were up 7% at $90.10 premarket.
The company forecasts annual profit above Wall Street estimates, betting on sustained spending on higher-end fragrances and strong performance in key markets.
It expects 2027 adjusted EPS in the range of $3.10 to $3.35, the midpoint of which is above analysts' average estimate of $3.18, according to data compiled by LSEG.
