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On the past, present, and uncertain future of Estée Lauder.
On Wednesday, Estée Lauder Companies reported first-quarter earnings that fell short of investor expectations, with sales down 10 percent to $3.5 billion, triggering the stock to drop more than 24 percent. In December 2021, ELC was trading at $370 per share. Today, it’s around $113 per share, and some insiders speculate that it could fall to as far as $70.
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