Estée Lauder Outlook Disappoints Investors Wanting More

Estée Lauder Cos. shares tumbled after its outlook boost failed to reassure investors about the pace of the cosmetics conglomerate’s turnaround.

The owner of the Jo Malone and Le Labo brands expects adjusted earnings per share in the range of $2.05 to $2.25 this fiscal year, according to a statement Thursday. In October, Estée Lauder guided for that figure to be between $1.90 to $2.10.