Stock futures are pointing to a slightly higher open ahead of the long holiday weekend; the Dow closed at its first record high in more than three months yesterday, while the S&P 500 is on pace to post gains for the 8th consecutive week; shares of Estée Lauder are rallying after the cosmetics maker dropped acquisition talks with a fellow makeup brand, Puig; Workday stock is rallying after the enterprise software maker reported results that topped Wall Street estimates; and Take-Two Interactive shares are climbing after the video game maker beat estimates and said "Grand Theft Auto VI" is still on track for its Nov. 19 release date. Here's what you need to know today.
Shares of Estée Lauder (EL) climbed sharply on Friday after the cosmetics company and Spanish beauty group Puig Brands announced they had terminated merger discussions that could have created one of the world's largest luxury beauty companies. Estée Lauder shares rose roughly 11% in premarket trading, putting the stock on track for its strongest single-day performance in nearly a year.
Estée Lauder's shares soared in premarket after a potential merger with Spanish beauty group Puig fell through. Estée said on Thursday that it had decided to terminate a potential combination of the two family-owned beauty firms.
Estée Lauder stock jumped early Friday and was one of the biggest risers in the S&P 500.
Madrid-listed shares fell more than 14% in European morning trading, while Estee Lauder's stock was up over 10% in premarket trading.
The Estée Lauder Companies Inc. (EL) Presents at Morgan Stanley Luxury Conference 2026 Transcript
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Fashion retailer Zara has denied infringing Estee Lauder's Jo Malone trademark, saying in UK High Court filings that it uses the perfumer's name on fragrances it sells in collaboration with her in line with principles the cosmetics giant set out in 2020.
Estee Lauder achieved topline growth with higher sales across all product categories and most regions. Gross margin expanded due to the 'Profit Recovery and Growth Plan,' but operating margin contracted from restructuring charges and potential litigation. Challenging macroeconomic conditions, including weak consumer confidence and elevated crude prices, continue to impact EL and peers.
The Estée Lauder Companies Inc. (EL) Q3 2026 Earnings Call Transcript
The Estée Lauder Companies Inc. has rallied 34% in the past year, but I remain cautious due to macro headwinds and full valuation. PRGP restructuring is driving margin expansion, with adjusted operating margins up 360bps and annual cost savings targeted at $1 billion. China and luxury segments are rebounding, but EL's heavy reliance on Asian travel spending exposes it to energy price shocks and macro risks.
Estee Lauder Companies Inc (NYSE:EL, XETRA:ELAA) posted stronger-than-expected third-quarter results on Friday, raising its full-year outlook while announcing an expansion of its workforce reduction program to as many as 10,000 positions. The beauty conglomerate reported revenue of $3.71 billion for the quarter ended March 2026, edging past analyst estimates of $3.69 billion.