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Why Estée Lauder Stock Fell This Week

Why Estée Lauder Stock Fell This Week

Estée Lauder (NYSE: EL) shareholders lost ground to the market this week. Estée Lauder shares are down 19% so far in 2023. The price drop this week came in response to management's fiscal Q3 earnings report, which contained a more conservative outlook for the 2023 fiscal year.