People are spending much more time on digital devices than watching TV. | Getty. People are spending much more time on digital devices than watching TV. | Getty. Sharknado wasn't enough to keep our attention, apparently. This year Americans are on pace to spend more time on digital devices than in front of their televisions according to a study released by eMarketer on Thursday.
Estee Lauder shares slip after weak guidance. Estee Lauder Cos. shares fell 1.2% in Thursday premarket trading after the beauty company gave fiscal full-year 2017 guidance below consensus. Net income was $428.0 million, or $1.15 per share, down from $447.0 million, or $1.19 per share. Adjusted EPS was $1.22, beating the $1.17 FactSet consensus.
Almost all Estee Lauder brands get swallowed by this monster and their cruelty-free status is stripped. On november 7th, Estee Lauder acquired 3 independent companies: Frederic Malle, Le Labo, and Rodin Olio Lusso. All these brands have a reputation for having a cult following specifically based on their high-quality and artisan production.