Seeking Alpha

Estee Lauder rallies despite below consensus guidance

  • After slipping briefly in the premarket following a slight earnings beat, in line revenue, and a below consensus FY14 profit outlook, shares of Estee Lauder (EL +4.7%) have found their footing.
  • Cramer had the following to say about the shares earlier today: "Sell to rich people, you do well."
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