* Sees Q4 adj EPS 11-16 cts vs Street View 20 cts
* Q3 adj EPS 33 cts vs Street View 38 cts
* Q3 rev up 3.8 percent
* Shares down 4.6 pct
(Adds EPS comparison, sales by category)
May 4 (Reuters) – Estée Lauder Cos Inc (EL.N) gave a profitforecast that disappointed Wall Street on Friday, overshadowinglarge gains in sales of its skin-care products last quarter atU.S. department stores that helped mitigate declines in Europeanmarkets like France.
Net sales rose 3.8 percent to $2.25 billion in the thirdquarter. For the current quarter, Estee Lauder expects net salesto rise 10 percent to 11 percent in constant currency terms.
Despite the expectations of continued sales gains, EstéeLauder’s current-quarter adjusted profit forecast of between 11and 16 cents per share missed the 20 cents analysts wereprojecting, according to Thomson Reuters I/B/E/S.
Shares were down 4.6 percent to $61.17 in premarket trading.
The sales gains last quarter were solely driven by its skincare products, which include La Mer and Clinique moisturizers,with fragrances, makeup and hair care all essentially flat.
Estee Lauder’s products benefited from a “high single digit”percentage jump in sales at U.S. department stores which includehigh-end chains
Article source: http://uk.reuters.com/article/2012/05/04/idUKL1E8G415Q20120504?feedType=RSS&feedName=consumerproducts-SP Wedding voucher directory
