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Estée Lauder reports Q1 earnings of $1.14/shr


Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Estee Lauder Companies Inc :The Estée Lauder Companies achieves outstanding fiscal 2018 first quarter results.Q1 sales $3.27 billion versus I/B/E/S view $3.17 billion.Estee Lauder Companies Inc - qtrly net earnings per common share $1.14.Q1 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.Sees Q2 2018 earnings per share $1.28 to $1.32.Sees Q2 2018 earnings per share $1.38 to $1.41 excluding items.Sees Q2 2018 sales up 13 to 15 percent.Sees FY 2018 earnings per share $4.04 to $4.12 excluding items.Sees FY 2018 earnings per share $3.77 to $3.88.Sees FY 2018 sales up 10 to 11 percent.Estee lauder companies - Q2 ‍foreign currency translation is expected to positively impact sales by approximately 3% to 4% versus prior-year period​.Estee Lauder - acquisitions of Too Faced, Becca are forecasted to contribute about 3 percentage points of incremental sales to overall sales growth​ in Q2.Estee Lauder Companies - for FY 2018 foreign currency translation expected to positively impact sales by about 2% versus prior-year period​.Estee Lauder Companies Inc - Q2 ‍net sales are forecasted to grow between 10% and 11% in constant currency​.Estee Lauder Companies Inc - ‍for full year fiscal 2018 net sales are forecasted to grow between 8% and 9% in constant currency​.Estee Lauder - ‍expects to take charges associated with previously approved restructuring, other activities in q2 of about $50 million to $55 million. 

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