Estée Lauder (NYSE:EL) shares are trading lower on Thursday. The company reported first-quarter adjusted earnings per share of 14 cents, beating the street view of 9 cents. Quarterly sales of $3.36 billion (down 4%), missed the analyst consensus estimate of $3.371 billion. Segmentally, the Skin Care unit sales slumped by 7%, Makeup fell by 2%, Fragrance decreased by 1%, and Hair Care dropped by 6%.
Category
🗞
News