Estee Lauder (EL) Stock Up On Solid Q2 Earnings, View Raised
Zacks Investment Research | Feb 01, 2018 09:42PM ET
Estee Lauder Companies Inc. (NYSE:EL) reported second-quarter fiscal 2018 results, wherein both top and bottom lines grew year over year and came ahead of the Zacks Consensus Estimate. Notably, this marked the company’s 14th and 4th straight quarter of earnings and sales beat, respectively. The superb quarter also encouraged management to perk up its outlook for fiscal 2018.
Needless to say, the splendid results and outlook were a treat to investors as evident from a 2.8% rise in Estee Lauder’s shares in the pre-market trading session. In fact, the cosmetics giant’s past record has kept investors bullish for quite some time. Evidently, this Zacks Rank #3 (Hold) stock soared 64.4% in a year, outperforming the Zacks Investment Research
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