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Feb 7, 2012
Feb 7, 2012
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Feb 3, 2012

Estee Lauder raises ad spending; profit view misses

By Nivedita Bhattacharjee

(Reuters) – Cosmetics company Estee Lauder Cos Inc (EL.N: Quote, Profile, Research, Stock Buzz) forecast quarterly earnings far below Wall Street estimates, saying it suffered because of foreign exchange rates and would increase investments in advertising, and its shares more than 6 percent.

This would be the first profit miss in more than a year for the company, whose full-year outlook also fell short of analysts’ expectations.

Feb 2, 2012

Royal Caribbean bookings hit by rival’s wreck

By Nivedita Bhattacharjee

(Reuters) – Royal Caribbean Cruises Ltd (RCL.N: Quote, Profile, Research) (RCL.OL: Quote, Profile, Research), the world’s second-largest cruise operator, warned that earnings in the current quarter could fall by as much as 50 percent as the Costa Concordia disaster off the coast of Italy caused a sharp drop-off in new cruise bookings.

Last month, the Costa Concordia cruise ship operated by rival Carnival Corp (CCL.N: Quote, Profile, Research) hit a reef off the Tuscan coast, killing 17 people. Another 15 are missing.

    • About Nivedita

      "Reporter, covering the consumer/retail sector. Apparel is the beat. Currently based in Chicago. Joined Reuters in 2008"
      Hometown:
      Chicago
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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