Estee lauder cos reports q2 adjusted eps of $2.11

The estÉe lauder companies delivers exceptional fiscal 2020 second quarter results.q2 adjusted earnings per share $2.11.q2 earnings per share estimate $1.90 -- refinitiv ibes data.q2 sales $4.62 billion versus refinitiv ibes estimate of $4.35 billion.full year net sales and eps guidance updated to reflect coronavirus estimate.global situation will also affect financial results in near term, so we are updating fiscal year outlook.q2 earnings per share $1.52.q3 is anticipated to be most negatively impacted by coronavirus with sales declining versus prior-year period.expects global prestige beauty to be adversely impacted over the next few months by the coronavirus.reported net sales are forecasted to increase between 6% and 8% versus prior-year period in fy 2020.recent acquisition of have & be is forecasted to contribute approximately 1% to company's overall sales growth in fy 2020.for second half fiscal 2020, sees net sales to increase between 0% and 1% versus the prior-year period.excluding impact of deal, 1% negative impact from currency, net sales forecasted to grow between 6% and 8% in fy 2020.reported diluted net earnings per common share are projected to be between $4.83 and $4.95 in fy 2020.adjusted diluted net earnings per common share are projected to be between $5.60 and $5.70 in fy 2020.q3 is anticipated to be "most negatively impacted" by the coronavirus with sales declining versus prior-year period.
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