Lauder Profits Fall 4 Percent in Quarter
Tuesday, May 06, 2008
By Evan Clark
Strength abroad helped The Estée Lauder Cos. drive up third-quarter sales, but softness in the U.S. resulted in a dip in profits.
Net income fell 4 percent to $90.1 million, compared with $93.9 million a year earlier. However, earnings per diluted share rose a penny to 46 cents, due to fewer shares outstanding in the most recent quarter.
Net income fell 4 percent to $90.1 million, compared with $93.9 million a year earlier. However, earnings per diluted share rose a penny to 46 cents, due to fewer shares outstanding in the most recent quarter.
