Investing.com - Estee Lauder (NYSE:EL) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Estee Lauder announced earnings per share of $1.43 on revenue of $3.93B. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $3.99B.
Estee Lauder shares are down 44% from the beginning of the year and are trading at $206.76 , down-from-52-week-high.
Estee Lauder follows other major Consumer Staples sector earnings this month
Estee Lauder's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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