-=Estee Lauder (EL) reported earnings on Wed 31 Oct 2018 (b/o)

Estee Lauder beats by $0.18, beats on revs; guides Q2 EPS below consensus, revs in-line; raises FY19 EPS guidance, reaffirms FY19 revs guidance

Reports Q1 (Sep) earnings of $1.41 per share, excluding non-recurring items, $0.18 better thanthe S&P Capital IQ Consensus of $1.23; revenues rose 7.6% year/year to $3.52 bln vs the $3.48 bln S&P Capital IQ Consensus.

"The Company continues to see strong consumer demand for its high-quality products and expects to continue to deliver growth at the high end of its long-term net sales and earnings per share growth targets. We continue to expect global prestige beauty to grow 5% to 6% during the fiscal year. The Company expects to grow ahead of the industry. However, the Company is mindful of risks related to social and political issues, geopolitical tensions, regulatory matters, global security issues, currency volatility and economic challenges affecting consumer spending in certain countries and travel corridors."

Co issues guidancefor Q2, sees EPS of $1.47-1.50, excluding non-recurring items, vs. $1.63 S&P Capital IQ Consensus; sees Q2 revs of $3.89-3.93 bln (+4-5%) vs. $3.92 bln S&P Capital IQ Consensus.

Co issues guidancefor FY19, sees EPS of $4.73-4.82 (Prior $4.62-4.71), excluding non-recurring items, vs. $4.77 S&P Capital IQ Consensus; sees FY19 revs of $14.24-14.38 bln (+4-5%) vs. $14.32 bln S&P Capital IQ Consensus.