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[HEADING=2]Estée Lauder Stock Slips on China Problems and Disappointing Outlook[/HEADING]
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By
[Karishma Vanjani]('https://www.barrons.com/authors/karishma-vanjani-1?mod=article_byline')Follow
Feb. 2, 2023 8:44 am ET
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[Estée Lauder ]('https://www.barrons.com/market-data/stocks/el')stock dipped early Thursday after the luxury beauty brand said sales got hit due to Covid-19 cases in China and shared a disappointing outlook.
The company (ticker: EL) delivered adjusted earnings per share of $1.54 for the December ended quarter, higher than the $1.29 consensus among analysts tracked by [FactSet ]('https://www.barrons.com/market-data/stocks/fds')Sales in the fiscal second quarter dipped by 17% versus a year ago to $4.62 billion, narrowly beating analysts’ consensus estimates.