Estée Lauder Jumps, Reddit Rises, Clorox Sinks on Litter, Dressing Weakness

About this episode

This episode discusses the stock movements of Estée Lauder, Reddit, and Clorox based on their recent financial performances and forecasts.

On this episode of Stock Movers: - Estée Lauder (EL) shares rise. Estée Lauder Cos. plans to cut as many as 3,000 more jobs and generate a further $200 million of savings to help boost its turnaround plan. The company raised its profit outlook for the remainder of the fiscal year and expects adjusted earnings per share in the range of $2.35 to $2.45. - Reddit (RDDT) shares rise. Reddit projected sales of $715 million to $725 million in the second quarter, surpassing Wall Street estimates. The company's first-quarter sales gained 69% to $663 million, outpacing the average estimate of $609.3 million. - Clorox (CLX) shares slump as much as 10%, the most intraday since Feb. 2022, after the household products company’s organic sales missed consensus expectations for the third quarter and management cut its annual forecast. See omnystudio.com/listener for privacy information.

Topics covered

• stock market
• business news
• earnings report
• job cuts
• sales projections
• financial outlook

Keywords

• Estée Lauder
• Reddit
• Clorox
• earnings
• job cuts
• sales projections
• stock market

Mentioned in this episode

Organizations: Estée Lauder, Reddit, Clorox

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