Earnings: Estee Lauder Beats, Outlook Falls Short; XPeng's Q2 is a Mix
- August 18th, 2023
- 295 views
The Estée Lauder Companies Inc. (NYSE: EL), a renowned global leader in beauty and skincare products, disclosed fourth-quarter fiscal 2023 earnings of $0.07 per share, outperforming the consensus EPS estimate loss of $(0.03). The company's quarterly sales reached $3.61 billion, slightly exceeding analysts' projected revenue of $3.47 billion.
However, as the new fiscal year begins, Estée Lauder anticipates a cautious start with an expected adjusted loss for Q1 fiscal 2024 ranging from ($0.29) to ($0.19) per share, in contrast to the consensus EPS estimate of $0.99 for the period.
$EL was trading at $153.25 in pre-market, down $8.81 (-5.44%).
In other news, XPeng Inc. (NYSE: XPEV), a prominent Chinese electric vehicle manufacturer, disclosed a second-quarter 2023 loss of $(0.43) per share, falling short of the consensus estimate loss of $(0.31). The company's quarterly sales reached $698.18 million, slightly above analysts' projected revenue of $694.28 million for the period.
In pre-market, $XPEV was trading at $14.57, down $1.08 (-6.90%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Micron Technology, Jabil, and Birkenstock Earnings Preview: What to Expect
December 15th, 2024Upcoming Earnings: Synopsys, AeroVironment, and nCino in Focus
December 01st, 2024Countdown to Earnings: Salesforce, Marvell Technology, and Okta Take the Stage
December 01st, 2024Fluence Energy, Agilent Technologies, and Woodward Earnings On Deck: A Preview
November 24th, 2024Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024
Member Login