06:25 AM EST, 02/04/2025 (MT Newswires) -- Estee Lauder ( EL ) reported fiscal Q2 adjusted net earnings Tuesday of $0.62 per diluted share, down from $0.88 a year earlier.

Analysts polled by FactSet expected $0.32.

Net sales for the quarter ended Dec. 31 was $4.00 billion, down from $4.28 billion a year earlier.

Analysts surveyed by FactSet expected $3.98 billion.

For fiscal Q3, the company expects adjusted EPS between $0.20 and $0.30. Analysts polled by FactSet expect adjusted EPS of $0.63.

Shares were down more than 5% in premarket activity.