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Estée Lauder's stock plunged toward a six-year low Wednesday after the beauty products company's disappointing current-quarter and full-year outlook.

Cosmetics company Estée Lauder cut its fiscal-year outlook as headwinds in China are expected to persist.

Demand among Chinese consumers remains soft, and that is affecting Estee Lauder, Yum China, and other companies with business in China.

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Estée Lauder Companies (NYSE:EL – Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.48-0.58 for the period, compared to the consensus estimate of $1.21. Estée Lauder Companies also updated its FY 2024 guidance to $2.17-$2.42 EPS. Analyst Upgrades and […]

Estée Lauder Companies (NYSE:EL – Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.48-$0.58 for the period, compared to the consensus estimate of $1.25. The company issued revenue guidance of $3.21 billion-$3.28 billion, compared to the consensus revenue estimate of $4.76 billion. […]

Park Place Capital Corp boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 13.3% in the second quarter, Holdings Channel reports. The institutional investor owned 1,314 shares of the company’s stock after acquiring an additional 154 shares during the period. Park Place Capital Corp’s holdings in Estée Lauder […]