Estee Lauder Cos. shares rose 2.1% in Wednesday premarket trading after the beauty company reported fiscal third-quarter earnings and revenue that beat consensus. Net income totaled $372.0 million, or 99 cents per share, up from $298.0 million, or 80 cents per share, year-over-year. Adjusted EPS was $1.17. Sales totaled $3.37 billion, up from $2.86 billion. The FactSet consensus was for EPS of $1.07 and sales of $3.25 billion. Travel retail, online and Asia were "standouts," according to a statement from Fabrizio Freda, chief executive officer of the company. During the quarter, the company had restructuring and other charges of $100 million. The company is also reviewing some product advertising product claims that "did not meet the company's standards" and certain claims will be modified. Estee Lauder says the issue isn't a matter of product safety or ingredient quality. Full fiscal year reported net sales are expected to increase 15% to 16%. Earnings are expected to be between $2.78 and $2.86, and adjusted EPS is expected to be $4.38 to $4.42. The FactSet consensus is $4.37. Estee Lauder shares are up nearly 14% for the year to date while the S&P 500 index is down 0.7% for the period.