Overview

• Estée Lauder reported a 5% increase in Q3 revenue, reaching $3.94 billion, surpassing Wall Street predictions.
• The company lowered its full-year revenue guidance to a decline of 2-3%, citing ongoing macroeconomic pressures and soft demand in China.
• Despite the revenue forecast cut, Estée Lauder raised its adjusted earnings per share outlook for 2024 to $2.14-$2.24.
• Shares of Estée Lauder fell significantly following the announcement, reflecting investor concerns over future growth.
• The company's performance varied by region, with notable increases in Europe and the Middle East but a decline in the Asia/Pacific segment.