Estée Lauder Cos. Inc. said its normalized net income for the fiscal third quarter ended March 31 came to 62 cents per share, compared with the S&P Capital IQ consensus estimate of 51 cents per share.
EPS climbed 19.2% year over year from 52 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $240.1 million, a gain of 16.9% from $205.3 million in the year-earlier period.
The normalized profit margin rose to 9.3% from 8.1% in the year-earlier period.
Total revenue climbed year over year to $2.58 billion from $2.55 billion, and total operating expenses decreased year over year to $2.18 billion from $2.21 billion.
Reported net income rose 29.0% year over year to $273.1 million, or 71 cents per share, from $211.7 million, or 54 cents per share.
