Shares of The Estée Lauder Cos. Inc. hit a new 52-week high after the company posted third-quarter earnings results that beat Wall Street’s estimates.
For the three months ended March 31, net income rose 37.1 percent to $178.8 million, or 45 cents a diluted share, from $130.4 million, or 33 cents, a year ago. Excluding restructuring charges, net income rose 19 percent to $177.8 million, or diluted EPS of 45 cents, in the quarter, compared with 35 cents in the year-ago period. The results were ahead of management’s guidance range of 28 cents to 38 cents and ahead of Wall Street’s expectations of 34 cents. Net sales rose 1.9 percent to $2.29 billion from $2.45 billion.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)