Why Estee Lauder Stock Jumped Today

Shares of Estee Lauder Companies Inc (NYSE: EL) were looking stellar today after the cosmetics giant reported an impressive first quarter. The stock was up 9.1% as of 11:25 a.m. EDT.

The parent of brands including Clinique and Donna Karan said overall revenue jumped 14% to $3.27 billion, with the help of the recent acquisitions of Too Faced and BECCA, which added 4 percentage points of growth. Analysts had expected $3.17 billion in revenue. On the bottom line, adjusted earnings per share surged from $0.85 to $1.21, beating estimates at $0.97.

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Source: Fool.com