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Estee Lauder falls 16% as weak guidance, CFRA downgrade hits sentiment

seekingalpha2023-05-04

Estee Lauder Companies (NYSE:EL) fell sharply on Wednesday after the cosmetics company slashed its full-year guidance to $3.29 to $3.32 from a prior range of $4.87 to $5.02. The guidance cut was due ...

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