Estee Lauder Beats, Allergan EPS Tops On Botox
Posted on February 05, 2013 at 13:13 PM EST
Estee Lauder (EL) reported profit above expectations early Tuesday on strong sales in the U.S. as affluent customers continue to spend on high-end cosmetics. The prestige make-up company known for its MAC and Estee Lauder brands said second-quarter earnings jumped 12% to $1.13 per share, beating analyst estimates by 8 cents. Sales rose 7% to $2.9 billion, above estimates of $2.7 billion. Shares were up 5% in midday trading today. U.S. sales rose