markets

Nia Warfield8/20/25

Estée Lauder delivers Q4 beat, but disappointing guidance sends shares sinking

Estée Lauder shares tumbled 9% in premarket trading Wednesday after the MAC and Bobbi Brown parent company matched Q4 estimates but painted a tougher outlook for profitability over the coming year.

Adjusted earnings per share for the three months ended June 30 came in at $0.09, in line with the Street’s estimates. Revenue dropped 12% to $3.41 billion, but still managed to top the $3.39 billion analysts forecast. While sales slipped in skin care, makeup, and hair care, fragrance was a bright spot: up 2% on strong demand for luxury lines like Le Labo and Jo Malone.

Looking ahead, Estée Lauder guided for full-year fiscal 2026 adjusted EPS between $1.90 and $2.10, well below the $2.20 analysts were banking on, with organic net sales growth of 0% to 3%. The beauty behemoth also said US tariffs are expected to clip profits by about $100 million this fiscal year.

Macro headwinds aren’t helping, either: sluggish Chinese travel retail, rising competition from Amazon and TikTok Shop, and muted demand in core categories like cosmetics and skin care are all dragging on momentum.

Prior to the earnings-induced drop, Estée Lauder shares were up 21% year to date.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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