RTTNews | Nov 2, 2020 06:54AM EST

06:53 Monday, November 2, 2020 (RTTNews.com) - The Este Lauder Companies Inc. (EL) released earnings for first quarter that dropped from the same period last year.

The company's bottom line totaled $523 million, or $1.42 per share. This compares with $595 million, or $1.61 per share, in last year's first quarter.

Excluding items, The Este Lauder Companies Inc. reported adjusted earnings of $530 million or $1.44 per share for the period.

Analysts had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.7% to $3.56 billion from $3.90 billion last year.

The Este Lauder Companies Inc. earnings at a glance:

-Earnings (Q1): $530 Mln. vs. $616 Mln. last year.-EPS (Q1): $1.44 vs. $1.67 last year.-Analysts Estimate: $0.90-Revenue (Q1): $3.56 Bln vs. $3.90 Bln last year.

-Guidance:Next quarter EPS guidance: $1.45 - $1.60

Read the original article on RTTNews ( https://www.rttnews.com/3141886/the-este-lauder-companies-inc-q1-adjusted-earnings-beat-estimates.aspx)

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