The Estee Lauder Companies Inc. (EL) reported second-quarter fiscal 2024 results, with the top and the bottom line declining year over year. Quarterly net sales and earnings surpassed the Zacks Consensus Estimate. Quarterly results were hurt by softness in the Asia travel retail and the prestige beauty across mainland China. Also, disruptions in Israel and other parts of the Middle East remained a concern. Taking into account global macroeconomic volatility, management narrowed its fiscal 2024 net sales ran ...