Estée Lauder Q2 Results Surpass Expectations, Sets Sights on Restructuring Goals

Estee Lauder Companies reported Q2 adjusted EPS of 89 cents, beating estimates of 83 cents, and sales of $4.229 billion (+6% YoY), surpassing the Street view of $4.219 billion. Organic net sales grew 4% YoY. The company highlighted progress on its global restructuring plan and delivered a more confident outlook. Shares traded lower ahead of the open.