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Estée Lauder Shares Drop After Sales Outlook Misses Wall Street Forecasts

The cosmetics giant’s stock fell sharply despite an 80% gain over the past year under new CEO Stéphane de La Faverie.

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Terms & Concepts
  • Outlook: A company’s projection of future financial performance, often compared with analysts’ expectations.
  • Wall Street Estimates: Consensus forecasts made by financial analysts regarding a company’s expected earnings or revenue.