Estée Lauder Cos. Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to $1.00 per share, compared with the S&P Capital IQ consensus estimate of $1.05 per share.
In the prior-year period, the per-share result came in at a profit of $1.01.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $386.5 million, a decline from $397.6 million in the prior-year period.
The normalized profit margin fell to 12.7% from 13.2% in the year-earlier period.
Total revenue totaled $3.04 billion, compared with $3.02 billion in the year-earlier period, and total operating expenses climbed on an annual basis to $2.42 billion from $2.37 billion.
Reported net income increased from the prior-year period to $436.3 million, or $1.13 per share, from $431.0 million, or $1.09 per share.
