Beauty Rebound: Estée Lauder Soars After Stunning Earnings Surprise
Estée Lauder stock fell about 1.4% to $97.36 midday Oct. 30 after an initial 5% pre-market jump on strong Q1 results. Net sales rose 4% to $3.48 billion, with GAAP EPS at $0.13 versus a loss last year. Operating income swung to $169 million from a $121 million loss. Management reaffirmed full-year guidance despite $100 million in tariff headwinds.
