Estee Lauder (EL) reported fiscal Q3 adjusted earnings Thursday of $0.65 per diluted share, down from $0.97 a year earlier.

Analysts polled by FactSet expected $0.31.

Net sales for the quarter ended March 31 were $3.55 billion compared with $3.94 billion a year earlier.

Analysts surveyed by FactSet expected $3.52 billion.

The company said it expects fiscal 2025 adjusted earnings of $1.30 to $1.55 per diluted share. Analysts surveyed by FactSet expect $1.39.

Estee Lauder shares were up 5.6% in recent premarket activity.