Estée Lauder (EL) jumps 8% premarket after beating Q4 estimates and raising guidance
EL Estee Lauder Cos. Inc
$98.01 +16.30%
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- 1Estée Lauder (EL) is up 8% to $91 premarket after posting fiscal Q4 results that beat expectations and raising its full-year guidance
- 2EPS of $0.39 (vs. $0.32 expected) and revenue of $3.63B (vs. $3.55B expected), with organic sales rising 5%
- 3Driven by strong China demand; if the gains hold, the stock could end a five-day losing streak and break through pressure at the 320-day moving average
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