Beauty Rebound: Estée Lauder Soars After Stunning Earnings Surprise
Stock Performance Today Estée Lauder shares jumped in early trading after the earnings release. Reuters data show EL pre-market up ~5% to $102.26 tradingview.com. By midday Oct. 30 the stock was about $97.36, down ~1.4% on the day reuters.com. (Over the past six months, the stock has rallied roughly 60% amid optimism about a rebound in China and travel retail globalcosmeticsnews.com.) Trading updates noted EL was a top mover on Oct 13 (+6–7%) after Goldman’s upgrade ts2.tech ts2.tech. Overall, EL is now up nearly 30% year-to-date tradingview.com. Strong Q1 Results Drive the Rally The company’s Q1 results far exceeded forecasts.