Earnings: Estée Lauder beats, Loews and Kioxia disappoint
Estée Lauder beat estimates and raised its outlook, while Loews earnings fell about 39% YoY and Kioxia dropped 15% on a flat profit outlook.
What we know
Estée Lauder posted adj. EPS of $0.72 vs. $0.51 est. and raised FY27 guidance (the two sources' ranges differ). Loews net income fell 39% YoY. Kioxia fell 15% despite huge YoY growth, with management blaming shipment timing.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.