Estée Lauder Stock Soars on Surprise Earnings Beat as Beauty Rebounds – What’s Next?
Stock Performance and Reaction Estée Lauder’s stock seesawed on its earnings news. Shares initially surged in pre-market trading on Oct. 30 after the company’s strong quarterly report, jumping about 5% to roughly $102.26 ts2.tech. This early spike reflected investor surprise at the better-than-expected results. However, as the trading day wore on, some of those gains evaporated – by midday, EL stock hovered around $97.36, down ~1.4% from the prior close ts2.tech. (For context, Estée Lauder’s stock had already climbed sharply in recent months in anticipation of a recovery. It rallied about 60% over the past six months amid optimism about