Estee lauder yahoo finance

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For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan. The announcement coming in the company's second quarter earnings report, which showed a beat on the top and bottom line. For more on the results, let's turn to Susan Anderson, who is the Canaccord Genuity Managing director. Susan, I mean, you look across several different elements of this report.

Estee lauder yahoo finance

The beauty products company reported better-than-expected profits in the second quarter, but results have been dragged down by ongoing weakness in Asia. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Estee Lauder is what we're talking about. It also topped earnings estimates and announced that restructuring plan. It's as many as 3, people that are going to be affected by these cuts, out of a workforce of about 62, It's just a behemoth in this industry here. But it's been suffering from Chinese travel, in particular, that basically because of what's going on with the Chinese economy, Chinese shoppers are not traveling as much, they're not shopping at duty free as much, and that's something that has hurt Estee Lauder. And the Street still is not convinced yet, even with that drop that you're smart to step in here, most still on the sidelines. And I should mention they were surprised, it seems to be, by this restructuring plan announced today. So that's part of the share pop as well is that, it feels like that the perception seems to be that the company is taking some necessary steps to deal with the slowing growth. Dow 30 38, Nasdaq 16, Russell 2, Crude Oil Gold 2,

So that's mainly, I think going to be dragging down the business as they continue to try and improve things in that region. Estee Lauder cut its fiscal outlook amid slowing growth in China. Last Split Date 3.

Canada Goose GOOS shares tumble after the winter apparel maker missed second-quarter revenue estimates and reduced full-year guidance. It faces consumer cutbacks amid inflation. The company has struggled to offset soaring costs even as travel demand continues. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Investors are also anticipating another hawkish pause from the Federal Reserve.

Experts say there are different ways to mitigate the impact of the payment increases. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools. The company also provides fragrance products in various forms comprising eau de parfum sprays and colognes, as well as lotions, powders, creams, candles, and soaps; and hair care products that include shampoos, conditioners, styling products, treatment, finishing sprays, and hair color products, as well as sells ancillary products and services. The company sells its products through department stores, specialty-multi retailers, upscale perfumeries and pharmacies, and salons and spas; freestanding stores; its own and authorized retailer websites; third-party online malls; stores in airports; and duty-free locations. Industry News. Canada markets closed. Add to watchlist.

Estee lauder yahoo finance

Yahoo Finance. Sign in. Sign in to view your mail. Currency in USD. Valuation Measures 4 Market Cap intraday Share Statistics Avg Vol 3 month 3 2. Profitability Profit Margin 3. Management Effectiveness Return on Assets ttm 2. Income Statement Revenue ttm

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The company also cut its full year guidance for revenue and profit as consumers grow more cautious. And I should mention they were surprised, it seems to be, by this restructuring plan announced today. Read full article 3. Thanks Susan. Balance Sheet Total Cash mrq 3. So they lowered earnings guidance for the year to to versus their prior guidance of to Estee Lauder is what we're talking about. Implied Shares Outstanding 6. Story continues. So we think that there has been some trade down into that masstige category, not necessarily mass but a level above masstige. To weigh on sales here for the remainder of But plus all of the other top picks that you have in the industry? They did bring down the bottom line guide a little bit. And so that's really driving the weaker results versus competitors because of the higher exposure there. It grew.

It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

The company also cut its full year guidance for revenue and profit as consumers grow more cautious. Last quarter, it was still running in the double digit growth territory. The company also cited possible risk to business in the Middle East as the war between Israel and Hamas continues with no ceasefire in sight. Certainly the recession calls seem to be pulled back, but the expectation is that consumers are becoming a little more discriminatory in what they buy. Dow 30 38, Editor's note: This article was written by Stephanie Mikulich Video Transcript - And now we have an example of a company that cut jobs and the shares are higher. Crude Oil To weigh on sales here for the remainder of For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Crude Oil Beta 5Y Monthly. Crude Oil About Our Ads Sitemap. Gold 2,