2 Min Read |

Estee Lauder Cos. shares surged as much as 15 percent — the most in more than seven years — after the company boosted its full-year profit outlook on booming skin-care sales in Asia, overcoming concerns about a slowing Chinese economy and a trade war with the U.S.

  • The company now sees full-year adjusted earnings per share of $4.92 to $5, up from a previous range of $4.73 to $4.82. That’s higher than the average estimate from analysts.

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Updated December 2022

by Richard McKeon