Estee Lauder Adjusts Earnings for Promos
- Share via
Estee Lauder Cos. said it adjusted earnings for previously reported fiscal 2001 and 2002 quarterly results and full fiscal-year results ended 1998 through 2001, to reflect an accounting rule on the treatment of sales promotions.
The adjustments do not change the New York-based company’s operating income, net earnings or earnings per common share, Estee Lauder said. The reclassified statements of earnings reflect new accounting standards.
Estee Lauder shares were down $1.11, or 3%, at $36.21 in trading on the NYSE.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
