Key Takeaways Estee Lauder reported fiscal third-quarter profit and revenue that beat estimates, but lowered its revenue guidance, warning of ongoing macroeconomic pressures, including in China. The beauty products maker projected 2024 sales will be down 2% to 3%, versus its earlier outlook of a 1% drop to a 1% gain. Shares fell in intraday trading Wednesday following the earnings release, sending them into negative territory for 2024. Estee Lauder (EL) shares dropped over 14% in intraday trading Wednesday ...