The estÉe lauder companies reports fiscal 2020 third quarter results

The estÉe lauder companies reports fiscal 2020 third quarter results.q3 adjusted earnings per share $0.86.q3 sales $3.35 billion versus refinitiv ibes estimate of $3.05 billion.q3 earnings per share estimate $0.73 -- refinitiv ibes data.sees continued acceleration of global online net sales and initial recovery in mainland china.qtrly diluted loss per share was $.02.recorded a $346 million, or $.83 per diluted share, impairment charge in quarter.estee lauder companies - expects majority of retail stores will remain closed for most of fiscal 2020 q4.qtrly impairment charge was across too faced, glamglow, becca, smashbox and certain of its freestanding stores.not providing specific sales and eps guidance for fiscal 2020 q4 and full year.estee lauder companies - continues to believe strong consumer demand for its products remains intact despite temporary challenges related to covid-19.estee lauder companies - for fiscal year, co expects to continue to build global share, even in a declining market.expects to reduce capital investments by approximately $250 million to $300 million for fiscal 2020.cost control actions and q3 actions will reduce operating expenses by about $500 million to $600 million in fiscal 2020 q4.estee lauder companies - expects global prestige beauty to continue to be adversely impacted during q4.
EL Ratings Summary
EL Quant Ranking