Estée Lauder beats estimates, raises guidance

Estee Lauder Companies Inc (NYSE:EL, XETRA:ELAA) posted stronger-than-expected third-quarter results on Friday, raising its full-year outlook while announcing an expansion of its workforce reduction program to as many as 10,000 positions. The beauty conglomerate reported revenue of $3.71 billion for the quarter ended March 2026, edging past analyst estimates of $3.69 billion.