Estee Lauder shares are trading lower after the company reported Q3 financial results and issued Q4 and FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder's stock price declined following the announcement of Q3 financial results, with Q4 and FY24 adjusted EPS guidance falling below expectations.

May 01, 2024 | 11:16 am
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Estee Lauder's shares fell after reporting Q3 earnings and providing lower than expected earnings guidance for Q4 and FY24.
Estee Lauder's share price decline is directly tied to its Q3 financial performance and the subsequent lower earnings guidance for Q4 and FY24. This news is likely to negatively impact investor sentiment in the short term, as guidance below estimates often leads to concerns about future profitability and growth.
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