Good and Bad News Monday

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According to Market Insider, Estee Lauder announced in conjunction with its quarterly results that it would be laying off between 3% and 5% of its staff in order to reduce its expenses.

Questions:

  1. The bad news was the layoffs, but what is the good news?
  2. For the current year, what did the company predict its EPS would be?
  3. How does this EPS compare to the planned EPS?

Source:

Ramer, L. (2024). Estee Lauder Layoffs 2024: What to Know About the Latest EL Job Cut. Market Insider, Feb. 5 (Retrievable online at https://markets.businessinsider.com/news/stocks/estee-lauder-layoffs-2024-what-to-know-about-the-latest-el-job-cut-1033030846)