Estée Lauder shares tumbled 17% Tuesday after the cosmetics giant reported a surprise loss and warned about current-quarter results as sales declined.

Estée Lauder Cos. said it plans to eliminate between 5,800 to 7,000 positions in a corporate restructuring meant to return the flagging company to sales growth under its new chief executive.

Palantir stock surges as artificial-intelligence gains drive an earnings and revenue beat, China begins an antitrust probe ...

The beauty giant behind Estee Lauder, Clinique and Jo Malone is ramping up its job loss programme from 3,000 to between 5,800 ...