Estee Lauder cuts sales forecast on supply chain, Delta hit
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Estee Lauder (EL) Stock Falls After Missing on EPS Guidance Consensus, Weaker Outlook Mostly Expected Says Analyst
November 2, 2021 8:56 AM EDTShares of Estee Lauder (NYSE: EL) are down 3% in pre-open Tuesday after the company delivered mixed FQ1 results and guidance.
EL reported EPS of $1.89 to top the analyst estimate of $1.69. Revenue for the quarter came in at $4.39 billion versus the consensus estimate of $4.25 billion.
We delivered excellent performance to begin fiscal 2022, despite the increased volatility and... More
