Estee Lauder Companies Inc Comments On Q3 2013 Revenue Guidance; Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance

Estee Lauder Companies Inc announced that for third quarter of 2013, it expects net sales to increase between 3% and 4% in constant currency. Diluted net earnings per common share (EPS), including charges associated with restructuring activities, are projected to be $0.28-$0.32. Diluted net earnings per common share before charges associated with restructuring activities are projected to be in the range of $.28 to $0.32. The Company reaffirmed fiscal 2013 revenue guidance and expects sales growth forecast of between 6% and 7% in local currency. The Company raised fiscal 2013 earnings per share (EPS) guidance to a range $2.51 to $2.59. The Company reported revenue of $9.716 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.38 billion for third quarter of 2013; EPS of $0.47 for third quarter of 2013; revenue of $10.29 billion and EPS of $2.57 for fiscal 2013.