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@ Layer3.news
2025-02-06 06:25:49
nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
WHY ESTÉE LAUDER STOCK CRASHED ON TUESDAY
https://media.zenfs.com/en/motleyfool.com/a72587cf0f061d3e87a5245c15069cbf
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✍️ Estée Lauder stock plummeted 18.3% despite beating earnings forecasts, due to shrinking sales and a significant net loss.
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👉 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
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#business
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