Editor
Estée Lauder Cos. shares fell after the company reported another lacklustre quarter and slashed its outlook for the rest of its fiscal year, citing continued sluggishness in its China business and incipient weakness in the US.
The beauty company said on Wednesday that it expects earnings per share in the current fiscal year of $5.01 to $5.21 versus an earlier target of $7.11 to $7.33. Estée Lauder sees net sales decreasing between 6 percent…
