Estee Lauder shares surged as much as 12pc after it boosted its full-year profit outlook on booming skincare sales in Asia, overcoming concerns about a slowing Chinese economy and a trade war with the US. Estee Lauder shares surged as much as 12pc after it boosted its full-year profit outlook on booming skincare sales in Asia, overcoming concerns about a slowing Chinese economy and a trade war with the US. It now sees full-year adjusted earnings per share of $4.92 to $5, up from a previous range of $4.73 to $4.82. Estee Lauder said it generated "double-digit sales net sales growth in virtually every major product category and channel" in the region. Shares rose 9.4pc to $149 in New York premarket trading.

Source: Irish Independent February 06, 2019 02:26 UTC