Estee Lauder Companies Inc (NYSE:EL) shares are trading lower Tuesday after the company reported worse-than-expected top-line results and issued guidance below analyst estimates.
Estee Lauder said fiscal third-quarter revenue increased 10% year-over-year to $4.25 billion, which came in below the $4.31 billion estimate. The company reported quarterly adjusted earnings of $1.91 per share, which beat the estimate of $1.67 per share, according to data from Benzinga Pro.
