* Sees Q2 EPS $1.23 to $1.30
* Sees sales growth 10 percent to 11 percent.
SAN FRANCISCO Jan 20 Estee Lauder Companies
Inc (EL.N) said on Wednesday it now expects second-quarter
earnings and sales to beat its earlier estimates, due to strong
growth in Asia and a better-than-expected holiday season in the
Earnings are now expected to range between $1.23 to $1.30
per share, with sales growth between 10 percent and 11
It said charges associated with restructuring would be
"minimal," but said it plans to include impairment charges in
second quarter results associated with two underperforming
Estee Lauder cited stronger net sales, and tempered
spending by the company and more favorable foreign currency
In October, the company said second-quarter sales would be
flat to up 3 percent in constant currency, with earnings of 80
to 87 cents per share before restructuring charges.
Shares of Estee Lauder closed at $49.04, down nearly 2
percent, on the New York Stock Exchange.
(Reporting by Alexandria Sage; editing by Carol Bishopric)