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Estee Lauder (EL) shares were down by more than 20% in recent Thursday trading after the beauty products company reported fiscal Q2 financial results and updated its earnings guidance for the year.

The company reported fiscal Q2 adjusted earnings of $0.89 per diluted share, up from $0.62 a year earlier. Analysts polled by FactSet expected $0.83.

Net sales for the quarter ended Dec. 31 were $4.23 billion, compared with $4.00 billion a year earlier. Analysts surveyed by FactSet expected $4.23 billion.

For fiscal 2026, the company said it now expects adjusted EPS of between $2.05 and $2.25, up from its earlier guidance of $1.90 to $2.10. Analysts polled by FactSet project $2.19.

The company reaffirmed its net sales growth guidance of between 3% to 5%. Analysts polled by FactSet expect $14.98 billion.

Estee Lauder said it continues to expect tariffs to negatively impact profitability by about $100 million.

Price: 95.25, Change: -24.43, Percent Change: -20.41