Estee Lauder posted second quarter earnings that fell short of analysts' forecasts.
The beauty company’s earnings for the quarter came in at $2.62, behind the $2.64 expected by analysts polled by Investing.com. Revenue was $5.49 billion, vs. $5.5 billion expected by the analysts.
Estee Lauder shares are down around -18% year-to-date, and about -19.55% below from its 52 week high of $374.20.