Estee Lauder Shares Fall After Lowering Outlook
Shares of cosmetics company The Estee Lauder Companies Inc. (EL) are falling more than 20% Wednesday morning after the company lowered its full-year outlook.
For the full year, the company now expects adjusted EPS to be in the range of $2.17- $2.42, lower than the previous outlook of $3.50 – $3.75. On average, 27 analysts, polled by Thomson-Reuters expect the company to report earnings of $3.62 per share.
Estee Lauder shares, currently at $102.57, have traded in the range of $102.22-$283.62 in the last 52 weeks.
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