 Shares of Estee Lauder Cos. EL, 3.13 tumbled 11.1 toward a 2 12-year low, after the beauty products company fiscal first-quarter profit that topped expectations while sales matched, but provided a downbeat outlook, citing expectations of continued pressure from COVID-restrictions in China, a strong U.S. dollar, high inflation, supply chain disruptions and the risk of a global economic slowdown. 