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What: Elizabeth Arden
So what: Things are looking pretty, oh so pretty, for Elizabeth Arden, which trounced analyst EPS estimates by $0.16 in the second quarter -- $1.20 versus a $1.04 consensus estimate. Oddly, revenue fell just a hair short of expectations, at $405.6 million versus the consensus estimate of $408.1 million. The company cited strong international growth as the main driver for the great quarter, specifically highlighting a double-digit jump in fragrance sales. The company also issued fiscal 2011 revenue guidance, which fell in the middle of the current estimates, while elevating its full-year EPS expectation to a range of $1.40 to $1.50.
Now what: Today has been an all-around victory for beauty supply stocks. Estee Lauder
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