The Estee Lauder Companies Inc. (NYSE: EL) reported third quarter 2023 earnings results today.
Net sales were $3.75 billion, down 12% from the prior-year period. Organic net sales fell 8%.
Net earnings were $156 million, or $0.43 per share, compared to $558 million, or $1.53 per share, last year. Adjusted EPS declined 75% to $0.47.
For FY2023, the company expects reported net sales to decrease 10-12% versus the previous year.
Nike, Inc. (NYSE: NKE) ended fiscal 2023 on an unimpressive note, reporting weaker-than-expected earnings for the final months of the year when the sneaker giant’s revenues increased modestly. The company's
Shares of KB Home (NYSE: KBH) were down on Friday. The stock has gained 43% year-to-date and 68% over the past 12 months. The homebuilder delivered better-than-expected results for the
Healthcare conglomerate UnitedHealth Group (NYSE: UNH) has a good track record of effectively navigating challenges. The company's diversified offerings help it deliver consistent revenue and profit growth. Recently, profitability came