Shares of Estee Lauder Cos. rose 3.9% in premarket trading Monday, after the skin care and makeup products company reported fiscal fourth-quarter earnings that beat expectations and provided upbeat guidance. Net income fell to $157 million,or 43 cents a share, from $186 million, or 49 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS rose to 64 cents from 61 cents, above the FactSet consensus of 53 cents. Sales grew 9% to $3.59 billion to top the FactSet consensus of $3.53 billion. For the fiscal year ended June 30, skin care sales grew 17% to $6.55 billion to beat the FactSet consensus of $6.49 billion while makeup sales increased 4% to $5.86 billion to match expectations. Looking ahead, the company expects first-quarter sales to rise 9% to 10%, while the FactSet consensus of $3.75 billion implies 6.5% growth. For fiscal 2020, the company growth guidance of 7% to 8% is above current expectations of a 6.4% rise. The stock has run up 37.8% year to date through Friday, while the S&P 500 has gained 15.2%.
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