Estee Lauder Shares Slip After Weak Guidance | Fox Business

Estee Lauder Cos. shares fell 1.2% in Thursday premarket trading after the beauty company gave fiscal full-year 2017 guidance below consensus. Net income was $428.0 million, or $1.15 per share, down from $447.0 million, or $1.19 per share. Adjusted EPS was $1.22, beating the $1.17 FactSet consensus. Revenue totaled $3.21 billion, up from $3.12 billion, and just below the $3.24 billion FactSet estimate. Acquisitions of the By Kilian, Becca and Too Faced brands added about 90 basis points to sales growth, about half of which was attributed to Too Faced, the company said. Estee Lauder sees full-year fiscal 2017 sales increasing between 4% and 5%, EPS between $3.07 and $3.14, and adjusted EPS between $3.29 and $3.33. The full-year FactSet revenue consensus is $11.88 billion, about 5.5% higher than full-year 2016 sales results. The FactSet EPS consensus is $3.39. Estee Lauder shares are down 6% for the past year while the S&P 500 index is up 19.8% for the same period.