BUZZ-Estee Lauder falls after forecasting annual profit below estimates

Reuters
08/20
BUZZ-Estee Lauder falls after forecasting annual profit below estimates

** Shares of cosmetic giant Estee Lauder EL.N down about 9% at $82.23 premarket

** MAC lipstick maker expects full-year adjusted EPS to be between $1.90 and $2.10, below analysts' estimate of $2.21 - data compiled by LSEG

** EL grapples with ongoing weakness in the U.S. and China markets; expects a $100 million hit to FY2026 profit from tariff-related headwinds

** Q4 organic net sales fall 13%, compared with an 8% rise a year earlier

** Up to last close, shares up 20% YTD

(Reporting by Anshi Sancheti in Bengaluru)

((Anshi.Sancheti@thomsonreuters.com))

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