Tag
#Estee Lauder
Deals
Estée Lauder ends Puig talks, shares jump 10% on turnaround focus
Estée Lauder shares rose more than 10 per cent after Reuters reported the company and Puig had ended merger talks, leaving management to focus on its Beauty Reimagined turnaround.
By Naomi Voss
Earnings
Estee Lauder Q3 EPS beats 40% as China, fragrance drive margin rebound
Estee Lauder Cos. (EL) reported fiscal third-quarter adjusted earnings of $0.91 per share, beating the $0.65 analyst consensus by 40 per cent, as a rebound in Chinese demand and double-digit fragrance growth drove the strongest margin expansion in three years.
By Avery Lin
