Estee Lauder shares sink on weak third quarter forecast
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Estee Lauder shares dropped nearly 17% after the company issued a weak forecast for the fiscal third quarter and announced plans to cut jobs. The company expects adjusted EPS to be between $0.20 and $0.30, below analysts' expectations of $0.62.
February 04, 2025 | 9:00 pm
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Estee Lauder's stock fell nearly 17% due to a weak Q3 forecast and plans to reduce headcount. The company expects adjusted EPS to be significantly below analyst expectations.
The significant drop in Estee Lauder's stock price is directly linked to the weak earnings forecast and job cuts, which are critical indicators of the company's current financial health and future performance. The EPS guidance being well below expectations suggests potential challenges in revenue and profitability.
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IMPORTANCE 90
RELEVANCE 100