WASHINGTON (dpa-AFX) - The Estée Lauder Companies Inc. (EL) reported a profit for third quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $159 million, or $0.44 per share. This compares with $330 million, or $0.91 per share, last year.
Excluding items, The Estée Lauder Companies Inc. reported adjusted earnings of $0.65 per share for the period.
Analysts on average had expected the company to earn $0.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.9% to $3.550 billion from $3.940 billion last year.
The Estée Lauder Companies Inc. earnings at a glance (GAAP) :
-Earnings: $159 Mln. vs. $330 Mln. last year. -EPS: $0.44 vs. $0.91 last year. -Revenue: $3.550 Bln vs. $3.940 Bln last year.
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