Estee Lauder Profit, Dividend, Shares Up
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Estee Lauder Cos Inc. (EL.N: Quote, Profile, Research) on Wednesday posted a 22 percent jump in quarterly profit as higher sales of anti-wrinkle creams, hair-care and cosmetic products offset weaker fragrance purchases.
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LâOrÃ©al, the worldâs largest cosmetics maker, said profit rose in 2006 as the company sold more LancÃ´me luxury makeup and Armani Code perfume. Net income climbed to 1.83 billion euros ($2.4 billion), after adjustment for some items, from 1.64 billion euros in 2005, the company said. Revenue for the year rose 8.7 percent, to 15.8 billion euros. In the fourth quarter, it rose 10 percent, to 4.2 billion euros. Sales of luxury cosmetics rose 5.3 percent in the year, helped by Armani Code perfume, while revenue from antiwrinkle products like Normaderm Nuit from Vichy rose 14 percent. LâOrÃ©al, which is based in Paris, said costs related to the acquisition of the Body Shop retail chain last year and an increase in expenses for research and development would hurt profit this year.
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Shares in the French oil major Total gained in early trading after the company revealed stronger-than-expected growth at its refining and chemical operations, pushing third quarter net profit above consensus forecasts.
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Spray maker announces its first-quarter earnings are up 28.4%.
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Swiss drugmaker Roche beat forecasts  with a 37 percent rise in first-half net income to 4.543  billion Swiss francs ($3.62 billion), boosted by bumper growth  in its cancer drugs.
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Swedish fashion retailer Hennes and Mauritz posted a rise in profits for the third quarter, saying its price-cut strategy had paid off.
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Walgreen Co. , one of the  largest U.S. drugstore chains, posted a higher quarterly profit  on Monday, boosted by new stores and an inventory credit.
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French cosmetics giant L'Oreal has posted first half net profits of 1.087 billion euros (1.39 billion dollars) and forecast growth in earnings of at least 10 percent for the whole of the year.
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Avon Products Inc. on Friday posted a  better-than-expected 33 percent increase in third-quarter  profit as business in Latin America and Europe helped offset  weakness in the United States for the direct seller of  cosmetics.
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L'Oreal OREP.PA forecast another year   of strong growth as it posted first-half profits that beat   expectations, sending the shares of the world's biggest   cosmetics group to highs not seen in more than four years.
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Nordstrom Inc. JWN.N on Tuesday  posted a 34 percent rise in its quarterly profit, helped by a  better-than-expected increase in same-store sales as the  upscale department store chain focused on keeping a lid on  expenses.
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Walgreen Co , one of the  largest U.S. drugstore operators, posted higher quarterly  profit on Friday, helped by higher sales and cost controls.
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L'Oreal, the world's biggest cosmetics   group, posted a forecast-beating 19.6 percent rise in   first-half operating profits on Thursday and predicted another   year of double-digit percentage growth in earnings per share.
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The desktop publishing software maker said its fiscal fourth-quarter profit and sales rose to beat Wall Streetâs expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
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Walgreen Co. , one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores.
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French insurance group AXA reported on Thursday an 18.0-percent rise in annual net profit to 5.1 billion euros (6.69 billion dollars), boosted by a strong performance from its life assurance activities.
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Procter & Gamble Co.   on Wednesday posted higher quarterly profit, boosted by sales of new products and continued gains in developing markets.