Despite strong Q2 results, Estée Lauder shares experienced a premarket drop of over 5%. The company's earnings per share hit $0.89, exceeding estimates and showing a 43% year-over-year increase. Revenue also rose, reaching $4.23 billion, driven by growth in skincare, fragrance, and hair care.
However, tariff-related worries cast a shadow on the positive financial performance.
Source: Investing.com · Summarized by HeadlinesBriefing