Estee Lauder’s Quarterly Profit Rises 25 Percent

Estee Lauder’s Quarterly Profit Rises 25 Percent
Lipstick is displayed in the M.A.C flagship store in Paris, Feb. 28, 2013. Reuters/Philippe Wojazer/File Photo
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Estee Lauder Cos Inc topped analysts’ expectations for quarterly profit on Wednesday, May 2, and raised its yearly earnings forecast, helped by stronger demand for skin care products under its La Mer and Clinique brands.

The cosmetics maker now expects full-year adjusted earnings of $4.38 to $4.42 per share, compared with an earlier forecast of $4.27 to $4.32 per share.