The Estee Lauder Companies Inc. (EL) increased to $272.81, up +7.81 percent. For its second fiscal year, Estee Lauder reported a better-than-expected profit. The sales of the New York company in beauty and care products are also higher than expected. Net sales climbed 5% to $4.85 billion, while adjusted earnings per share grew 56%. Amid constant currency, the rise in activity was 3 percent in the quarter ended December. For the year, Estée Lauder posted $873 million in net profits, compared to $557 million a year ago. $2.37 was net diluted EPS. Average net earnings per share rose by 21 percent. The company expects net sales to rise by 13-14 percent for the third quarter. It is estimated that the adjusted EPS will be between $1.10 and $1.20.
Cardinal Health, Inc. (CAH) was down to $54.26, falling -3.07 percent. For the fiscal second quarter, CAH posted sales up 5 percent to $41.5 billion, as well as GAAP operating profits of $461 million and GAAP diluted EPS of $2.13. Operating profit on an adjustment basis decreased 3 percent to $628 million, up 14 percent to $1.74 with an adjusted EPS. The organization took the opportunity to boost its 2021 fiscal year financial forecast.
Peloton Interactive, Inc. (PTON) decreased by -5.86% to $148.3. Nevertheless, the U.S. retailer of fitness equipment largely beat the profit and sales forecast for the three months ended, reporting adjusted earnings per share of 18 cents for the fiscal second quarter relative to 9 cents for the consensus. The loss per share a year ago was 20 cents. Revenues were $1.06 billion for the three months ended December, 3 percent higher than consensus, compared to $466 million only a year ago. Growth then hits an impressive 128% mark. Peloton Interactive saw its related exercise services subscriptions leap 134% year-on-year.