July 18, 2003 |
Estee Lauder Cos. said it settled a California lawsuit alleging that it conspired to fix and maintain retail prices and limit the supply of "prestige" cosmetic products sold by department stores. The New York-based cosmetics company said it would take a pretax charge of $22 million, or 6 cents a share, in the quarter ended June 30 to account for Wednesday's legal settlement with California consumers, which was disclosed by Estee Lauder in a Securities and Exchange Commission filing.
January 31, 2001 |
Other earnings, excluding one-time gains or charges unless noted, include: * Avis Group Holdings Inc., which is being acquired by Cendant Corp., said fourth-quarter earnings rose 42% to $15.3 million, or 32 cents a share, a penny better than expectations, as sales edged down less than 1% to $1 billion. * Cardinal Health Inc., the second-biggest U.S. drug wholesaler, said fiscal second-quarter profit rose 21% to $214.6 million, or 75 cents a share, from $176.
October 25, 2000 |
Pfizer Inc. and Schering-Plough Corp. on Tuesday posted double-digit profit gains in their third quarter on strong sales of blockbuster medicines, but Pfizer shares fell on what some analysts said was disappointing growth of its cholesterol fighter Lipitor. Pfizer, the world's largest drug maker, said earnings from operating rose 30% to $1.71 billion, or 27 cents a share, beating the consensus Wall Street estimate of 25 cents.
August 17, 2000
* Estee Lauder Cos. said earnings rose 13% in its fiscal fourth quarter to $57.2 million, or 21 cents a share, matching forecasts. Sales grew 9.9% to $998.9 million, led by Aveda hair-care products and Clinique makeup. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.
July 28, 2000
* Estee Lauder Cos. said its Gloss.com unit has suspended sales for about six months while the Internet site is revamped to focus on a smaller number of premium-priced products. The cosmetics company said visitors to the site will be referred to its other sites, which include those for its Clinique and Bobbi Brown brands. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at: http://www.latimes.com/bizstaff.
April 14, 2000 |
Estee Lauder Cos., the long reigning queen of prestige cosmetics, may become the 800-pound gorilla of the beauty Web world. On Wednesday, the company purchased Gloss.com, one of the three leading beauty sites, as part of its plan to expand its presence on the Web. Lauder, which accounts for more than half of the cosmetics sold in U.S. department stores, also announced it will enter joint e-partnerships with department stores.