EL Stock Plummets Despite Q1 Earnings Beat Amid China Weakness

The Estee Lauder Companies Inc.’s (EL) shares plunged 24% in the pre-market session on Thursday, after reporting first-quarter fiscal 2025 results. The company's top line declined year over year and fell short of the Zacks Consensus Estimate amid persistent challenges across China and travel retail. Management withdrew its fiscal 2025 outlook in light of these persistent issues.Adjusted earnings of 14 cents per share surpassed the Zacks Consensus Estimate of 9 cents. The bottom line increased from earnings ...