By Sabela Ojea Estée Lauder logged higher in sales in the latest quarter amid a recovery in its Asia travel retail business, but guided for a deeper drop in full-year sales amid a continued.
Estee Lauder Inc.’s stock fell 2% premarket Friday, after the cosmetics company posted better-than-expected earnings for its fiscal fourth quarter but.
By Sabela Ojea Estee Lauder on Wednesday cut its outlook for the year on a slower-than-expected recovery in travel retail in Asia. Shares dropped 9.1%, to $223.00, in premarket trading.
. | May 3, 2023