Estee Lauder rises on robust annual profit outlook
19/08/2026 11:45
BUZZ-Estee Lauder rises on robust annual profit outlook ** Shares of cosmetics maker Estee Lauder EL.N up 7% at $90.10 premarket
** Co forecasts annual profit above Wall Street estimates, betting on sustained spending on higher-end fragrances, and strong performance in key markets
** Expects 2027 adjusted EPS in the range of $3.10 to $3.35, midpoint of which is above analysts' average estimate of $3.18 - data compiled by LSEG
** Co logs Q4 net sales of $3.63 billion vs est of $3.54 billion
** Reports quarterly adjusted EPS of 39 cents vs expectations of 32 cents
** YTD, as of last close, stock down about 20%
(Reporting by Sanskriti Shekhar in Bengaluru )