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Why Cosmetics Major Estee Lauder Shares Are Rocketing Premarket Monday

Estee Lauder (EL) shares surge premarket as Q2 FY24 results surpass expectations. Despite a 7% sales decline, solid earnings and a quarterly dividend of $0.66 per share signal resilience. The company revised FY24 outlook, announcing a Profit Recovery Plan for FY25-FY26, projecting substantial benefits and a focus on consumer-facing activities.

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