Estée Lauder Dips On Lower-Than-Expected Q4 Earnings

Shares of Estée Lauder EL are moving down after the company posted its Q4 earnings below expectations. EL’s shares dipped as much as 9% before settling at $57.28, marking a 5.09% loss at 9:57 am. The company has also issued weaker-than-expected outlook for FY11. Estée Lauder’s shares have lost 4.63% over the last week, while so far this year the stock has gained 24.79%. Read more from Benzinga's Company news.