Estee Lauder Q2 Revenue Beats Estimates, but Shares Slide on Tariff Concerns

Estee Lauder shares declined 22% despite raising its FY22 earnings forecast due to tariff-related headwinds. Q2 revenue was $4.23bln, slightly above estimates, and adjusted EPS was $0.89, beating forecasts. Organic sales rose 4% YoY, driven by a 13% surge in Mainland China. The company expects adjusted EPS of $2.05-$2.25 and organic net sales growth of 1%-3%.