U.S. Markets open in 3 hrs
  • S&P Futures

    3,425.75
    -6.75 (-0.20%)
     
  • Dow Futures

    28,083.00
    -51.00 (-0.18%)
     
  • Nasdaq Futures

    11,667.25
    -24.00 (-0.21%)
     
  • Russell 2000 Futures

    1,605.20
    +2.10 (+0.13%)
     
  • Crude Oil

    40.28
    +0.25 (+0.62%)
     
  • Gold

    1,918.90
    -10.60 (-0.55%)
     
  • Silver

    24.92
    -0.33 (-1.29%)
     
  • EUR/USD

    1.1840
    -0.0027 (-0.2250%)
     
  • 10-Yr Bond

    0.8160
    0.0000 (0.00%)
     
  • Vix

    29.48
    +0.13 (+0.44%)
     
  • GBP/USD

    1.3112
    -0.0032 (-0.2413%)
     
  • USD/JPY

    104.6690
    +0.1090 (+0.1042%)
     
  • BTC-USD

    12,957.90
    +1,900.89 (+17.19%)
     
  • CMC Crypto 200

    259.97
    +15.08 (+6.16%)
     
  • FTSE 100

    5,749.56
    -26.94 (-0.47%)
     
  • Nikkei 225

    23,474.27
    -92.73 (-0.39%)
     

Why Estee Lauder's Stock Is Trading Lower Today

Tyree Gorges
·1 min read

Estee Lauder Companies (NYSE: EL) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS and sales results.

“Through the Post-COVID Business Acceleration Program announced today, we are better aligning our brick-and-mortar footprint to improve productivity and invest for growth. We are well-positioned to drive growth as the market dynamics support it, yet remain equally mindful of the effects of COVID-19 on consumers, the retail sector and economics, in general, as well as geopolitical uncertainty," said Fabrizio Freda, President and Chief Executive Officer.

View more earnings on EL

Estee Lauder is a leader in the beauty market, participating across skincare (45% of 2019 sales), makeup (39%), fragrance (12%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins. 

Estee Lauder was trading 8% lower at $195.13 at time of publication. The stock has a 52-week high $220.42 and a 52-week low of $137.01.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.