Estee Lauder (NYSE:EL) announced this morning, in conjunction with its quarterly results, that it would be laying off between 3% and 5% of its staff in order to reduce its expenses. Along with the Estee Lauder layoffs, the firm provided much weaker-than-expected guidance for its current quarter and its current fiscal year. However, the firm’s quarterly results came in well above analysts’ average estimates.EL stock is climbing sharply on the news. More About the Estee Lauder LayoffsEL will eliminate up to 3 ...

The Estée Lauder Companies (including brands like Clinique, Bobbi Brown, Too Faced and Estée Lauder itself), announced its Q2 2024 financial results on February 5th.The none-too-pretty results included some grim sales figures and disappointing EPS for investors – but also hinted at a much more bare-bones rest of 2024, which may include yet more of the layoffs several companies have posted recently. A disappointing make-upCopy link to sectionThe company had a disappointing second quarter, with net sales of ...

Shares of Estee Lauder Companies EL, -0.43% soared 10.7% in premarket trading Monday, after the beauty-products company reported fiscal second-quarter profit that beat expectations by a wide margin, and said the business has reached “an inflection point” that sets its up for a strong second half. Net income for the quarter to Dec. 31 fell to $313 million, or 87 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 88 cents beat the FactSet consensus of 54 cents ...

NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on March 15, 2024 to stockholders of record at the close of business on February 29, 2024. The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14064 The Estée Lauder Companies Inc. (Exact name of reg ...

Investors are always looking for stocks that are poised to beat at earnings season and The Estee Lauder Companies Inc. (EL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because The Estee Lauder Companies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information ...

NEW YORK--(BUSINESS WIRE)--Clinique and Icahn School of Medicine at Mount Sinai today announced a philanthropic partnership to establish the Mount Sinai-Clinique Healthy Skin Dermatology Center. The Center will develop forward-thinking research in dermatology, exploring the biological underpinnings of how skin ages, skin allergies and inflammatory or eczematous skin conditions, including eczema (or atopic dermatitis) and contact dermatitis. Rooted in a shared mission to conduct dermatological research that ...

The Estee Lauder Companies Inc. (EL) is likely to register top-and bottom-line decline when it reports second-quarter fiscal 2024 earnings on Feb 5.The Zacks Consensus Estimate for revenues is pegged at $4.2 billion, suggesting a decrease of 9.3% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for the bottom line has remained unchanged in the past 30 days at 55 cents per share. The projection indicates decline of 64.3% from the figure reported in the year-ago period quarter. The c ...

In its upcoming report, Estee Lauder (EL) is predicted by Wall Street analysts to post quarterly earnings of $0.55 per share, reflecting a decline of 64.3% compared to the same period last year. Revenues are forecasted to be $4.2 billion, representing a year-over-year decrease of 9.2%.The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) will release its fiscal 2024 second quarter results on February 5, 2024. On that date, at 9:30 a.m. (ET), the Company will provide a live webcast of its conference call discussing the results, future prospects and recent corporate developments. Fabrizio Freda, President and CEO, and Tracey T. Travis, EVP and CFO, will host the call. Those wishing to access the webcast can visit http://www.elcompanies.com/investors. The call will be arch ...