US Stock Market Move | Estee Lauder Companies Inc. Class A (EL.US) surged over 17% as its fourth fiscal quarter results exceeded expectations.

On Wednesday, Este Lauder Companies Inc. Class A (EL.US) surged over 17%, closing at $98.95. On the news front, on August 19, Este Lauder Companies Inc. Class A reported its fourth-quarter results, with adjusted earnings per share of $0.39, surpassing analysts' consensus estimate of $0.32; quarterly revenue reached $3.627 billion, exceeding analysts' consensus estimate of $3.543 billion. The company's CEO stated that growth has returned, with organic sales growth of 3% expected for fiscal year 2026, accelerating to 5% in the fourth quarter. The company reaffirmed that its Profit Recovery and Growth Plan (PRGP) is expected to be largely completed by fiscal year 2027.