WASHINGTON (dpa-AFX) - Cosmetics maker Estee Lauder (EL) is posting a notable loss in afternoon trading on Friday, slumping by 2.6 percent. With the drop, shares of Estee Lauder have hit their lowest intraday level in over a month.
The loss by Estee Lauder comes after the company reported better than expected fourth quarter earnings but provided disappointing guidance.
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