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@ Yahoo! Finance - by layer3.news
2025-02-06 06:25:49
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✍️ Estée Lauder stock plummeted 18.3% despite beating earnings forecasts, due to shrinking sales and a significant net loss.
👉 Estée Lauder stock fell 18.3% despite beating earnings forecasts
👉 Q2 sales declined 6% year-over-year
👉 Net loss was $1.64 per share
👉 Company announced restructuring plan with pre-tax charges of $1.2-1.6 billion
👉 Layoffs of 5,800-7,000 employees expected
#business
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