Estee lauder in the fourth quarter loss of $17. 9 million
by:Lisson
2020-11-25
Estee lauder cosmetics company, has announced on Thursday, due to the high restructuring charge and unfavorable exchange rate, affect the company's sales, the cosmetics and perfume cause losses in its fiscal year in the fourth quarter.
In the three months as of the date, estee lauder losses of dollars and cents per share, in contrast, the profit of the same period last year.
$cents earnings per share.
Excluding group restructuring cents per share costs, estee lauder actual profit cents per share, in line with analysts' earnings expectations.
Estee lauder said this month business restructuring plan will group, in order to save money, the restructuring plan including cutting jobs.
Due to the exchange rate of foreign exchange losses and consumer discretionary personal spending is decreasing, the company operating income from a year ago.
Reduce the % $, slipped.
Million dollars.
Thomson Reuters survey before this, expected value.
Million dollars.
In this fiscal year, estee lauder's profits fell by %, from.
$(
A share.
Us dollars)
Down to.
$(
A share.
Us dollars)
。
This year, the restructuring costs cut this year's earnings per share to cents.
Operating income fell by %, from.
Million dollar fell.
Million dollars.
In the first quarter of this fiscal year, earnings per share will reduce cents to cents.
This is in to the company without quantitative restructuring charges.
At a fixed exchange rates, sales will drop to a point, but foreign currency conversion makes income damaged to the point.
Analysts forecast earnings per share for cents, total revenue is zero.
Hundred million.
Fiscal year, excluding cents per share -
Cents restructuring charges, estee lauder expected earnings per share interal.
To the dollar.
The dollar.
Sales at constant currency rates, will remain unchanged or at most growth %.
Analysts forecast that earnings per share.
$, per year.
Million dollars.
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