Estee Lauder withdrew its outlook for the current year, citing uncertainty around the pace of recovery the China and Asia travel retail markets, as well as recent leadership changes.
Related Posts
L’Oreal Earnings Rise on Growth Outside of China
L’Oreal’s earnings rose in the second quarter, driven by growth outside of China.
U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.
SEC Accuses Carl Icahn of Concealing Stock Pledges
Activist investor Icahn agrees to pay $500,000 and his company will pay $1.5 million, without admitting or denying SEC findings.