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August 15, 2014
07:32 EDTELEstee Lauder reports Q4 adjusted EPS 66c, consensus 56c
Reports Q4 revenue $2.73B, consensus $2.66B. On a reported basis, as well as in constant currency, net sales grew in each of the Company’s geographic regions and product categories. Sales also increased in each product category within each region. Sales growth reflects double-digit gains in the U.S. and travel retail, as well as double-digit local currency increases in many European emerging markets. In Asia/Pacific, local currency growth was led by strong increases in Japan, China and Hong Kong. Sales gains in the U.S., travel retail and Japan include the effect of the accelerated retailer orders.
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February 26, 2015
08:32 EDTELEstee Lauder valuation does not reflect earnings growth, says Morgan Stanley
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