FX.co ★ The Estée Lauder Companies Inc. Q2 Earnings Summary

The Estée Lauder Companies Inc. reported its earnings for the second quarter. The company experienced a net loss of $590 million, a significant decline from a profit of $313 million during the same quarter last year. Consequently, the earnings per share (EPS) decreased to a loss of $1.64 compared to a gain of $0.87 in the previous year. However, when excluding certain items, adjusted earnings stood at $0.62 per share for the quarter. The company’s revenue also declined, recording $4.004 billion down from $4.279 billion in the same period last year.