People are spending much more time on digital devices than watching TV. | Getty. People are spending much more time on digital devices than watching TV. | Getty. Sharknado wasn't enough to keep our attention, apparently. This year Americans are on pace to spend more time on digital devices than in front of their televisions according to a study released by eMarketer on Thursday.
Estee Lauder shares slip after weak guidance. Estee Lauder Cos. shares fell 1.2% in Thursday premarket trading after the beauty company gave fiscal full-year 2017 guidance below consensus. Net income was $428.0 million, or $1.15 per share, down from $447.0 million, or $1.19 per share. Adjusted EPS was $1.22, beating the $1.17 FactSet consensus.
For fiscal year 2016, the EstÃ©e Lauder Companies achieved net sales of $11.26 billion, a 4% increase compared with $10.78 billion in the prior year. Net earnings for the year were $1.11 billion, a 2% increase compared with $1.09 billion last year, and diluted net earnings per common share rose 5% to $2.96, compared with $2.82 reported in the prior year.