1. Estée Lauder's earnings fell to 65 cents per share, surpassing expectations. 2. Sales of $3.6 billion declined 10% year-over-year across all categories. 3. Asia struggled significantly, with sales down for nearly two years. 4. Forecasting earnings of $1.33 to $1.58 per share, lower than last year. 5. Stock trading flat at $60.41 in premarket activity.
The decline in year-over-year sales and overall earnings forecasts indicate potential negative sentiment. Historically, such earnings dips have led to stock price drops in similar companies.
The article directly discusses Estée Lauder's earnings and sales metrics, which greatly affect stock value. The downward revisions indicate a significant concern for investors.
Immediate concerns from earnings reports often affect stock prices quickly. The forecast of lower earnings will likely have a swift impact on investor sentiment.