Estee Lauder shares are trading lower after the company guided a Q1 revenue decline of 10-12%.
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder has projected a decline in Q1 revenue by 10-12%, causing its shares to trade lower.
August 18, 2023 | 11:26 am
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NEGATIVE IMPACT
Estee Lauder's shares are trading lower due to the company's forecast of a 10-12% decline in Q1 revenue.
Estee Lauder's projected decline in Q1 revenue is a negative signal to investors, causing a decrease in the company's share price. The direct correlation between the company's revenue forecast and its stock price indicates a high relevance and importance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100