Fragrance demand leads growth, China market recovers: Este Lauder (EL.US) Q1 revenue and profit both beat expectations, raises full-year guidance.

Zhitong Finance APP has learned that before the U.S. stock market opened on November 2, Estee Lauder (EL.US) reported better-than-expected earnings and raised its business outlook. The financial report shows that net sales for the quarter were US$3.715 billion, a year-on-year increase of 7%, higher than the market expectation of about US$3.65 billion; adjusted diluted earnings per share were US$0.72, far exceeding analysts' expectations of about US$0.51; GAAP earnings per share were US$0.64, compared with US$0.13 in the same period last year.