NEW YORK (AP) _ Estee Lauder Companies Inc. (EL) on Thursday reported fiscal fourth-quarter net income of $1.02 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of $2.76. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The beauty products company posted revenue of $3.94 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $3.74 billion.

For the year, the company reported profit of $2.87 billion, or $7.79 per share. Revenue was reported as $16.22 billion.

For the current quarter ending in October, Estee Lauder expects its per-share earnings to range from $1.55 to $1.65. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.79.

The company expects full-year earnings in the range of $7.23 to $7.38 per share.

Estee Lauder shares have increased 20% since the beginning of the year, while the S&P's 500 index has increased 17%. The stock has increased 50% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EL at https://www.zacks.com/ap/EL

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