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January 26, 2006
By: TOM BRANNA
Editor
Estee Lauder reported that its fiscal second-quarter profit fell 41% after taking a charge from the sale of its Stila brand. Net income dropped to $81.7 million (38 cents per share) from $138.3 million (60 cents per share) a year earlier. Earnings from continuing operations rose to $150.4 million (70 cents per share) from $139.7 million (61 cents per share). Sales rose 3% to $1.78 billion from $1.74 billion. Excluding the impact of foreign currency translation, sales rose 5%. To cut costs and ...
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