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Why Estee Lauder Stock Was Sliding Today

TheMotleyFool

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Why Estee Lauder Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/730773/woman-putting-on-makeup.jpg

Shares of Estee Lauder (NYSE: EL), the global cosmetics giant, were sliding today after the company cut its guidance for 2023 due to a weak recovery in Asia.

As of 12:02 p.m. ET, the stock was down 16.1%.

Image source: Getty Images.

Source Fool.com

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