After closing two multi-billion-dollar deals that push the health care giant deeper into care, it has cut its projections for 2023.
Estee Lauder Cos. Inc. fell $42.52 to $202.70.
The company said its Asian travel retail business is under pressure due to a slower-than-anticipated pandemic recovery.
The company that makes Jell-O, Kool-Aid and other popular drinks easily beat Wall Street forecasts and increased its profit outlook.
Analysts' estimates of revenue for the current quarter were lower than those forecast by the semiconductor company.