Estee Lauder up after smaller-than-expected quarterly sales drop

Shares of cosmetics giant Estee Lauder up ~5% at $62.97 premarket
Co posts smaller-than-expected drop in quarterly sales

Co's Q3 net sales fall 10% to $3.55 billion vs analysts' estimates of a fall of 10.72% to $3.52 billion, according to data compiled by LSEG

Logs quarterly adjusted profit of 65 cents per share vs estimates of 32 cents per share

Expects net sales for fiscal 2025 to be down 8% to 9% vs estimates of a 7.07% fall
Up to last close, stock down about 20% YTD