(Updates to include Estee Lauder's stock move in the headline and first paragraph.)
Estee Lauder (EL) shares gained more than 16% in early Wednesday trading after the company posted higher fiscal Q4 results that also exceeded analysts' expectations.
The cosmetics company reported fiscal Q4 adjusted earnings of $0.39 per diluted share, up from $0.09 a year earlier.
Analysts polled by FactSet expected $0.32.
Revenue for the quarter ended June 30 was $3.63 billion, up from $3.41 billion a year earlier.
Analysts expected $3.55 billion.
For fiscal 2027, the company expects non-GAAP constant currency EPS of $3.06 to $3.31 and revenue growth of 3% to 5%. Analysts expect non-GAAP EPS of $3.19.
Price: $99.51, Change: $+15.24, Percent Change: +18.08%