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Estée Lauder (NYSE: EL) stock suffered a makeup malfunction on Tuesday. Shares of the cosmetics giant tumbled 18.3% through 11 a.m. ET, despite beating forecasts for both sales and earnings in ...
However, the bigger news was that Estée Lauder slashed its dividend from $0.66 to $0.35 a quarter, a move management said was designed to give the company more financial flexibility, especially ...
A huge bet on China’s luxury market under then-CEO Fabrizio Freda helped the company soar in the 2010s, but has become a major drag on results today; meanwhile, Estée Lauder skincare and ...
The skincare, makeup, and fragrance company posted weak quarterly earnings.
In the last 12 months alone, Est é e Lauder stock is down over 40%, even though the S&P 500 has soared over the same period. The company's trailing-12-month revenue has fallen to $15.4 billion ...
Estee Lauder's stock tumbled on Wednesday as the company lowered its expectations for sales in 2023.Adjusted earnings per share for the company's fiscal third quarter fell 75% from the same period ...
It seems as if the company will get a new leader quite soon.
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