Estée Lauder (EL, Financial) shares dropped significantly by 20% in pre-market trading. This steep decline follows the company's announcement that it has withdrawn its financial outlook for the fiscal year 2025.
In addition to adjusting its future projections, Estée Lauder has also decided to reduce its dividend payouts. This move indicates potential financial challenges or strategic shifts within the company as it reassesses its long-term plans.
Investors and analysts are closely monitoring the situation, as such significant changes can impact the company's financial health and market perception.
