Home>Topics>>UPDATE 3-Estée Lauder says affluent spend 'freely;' U.S., China strong
UPDATE 3-Estée Lauder says affluent spend 'freely;' U.S., China strong
Tue, 5 Feb 2013
Feb 5 (Reuters) - Estée Lauder Cos Inc on Tuesday raised its full-year profit forecast, pointing to a surge in luxury sales and strong demand in the United States and China that is counteracting weaker markets like southern Europe and South Korea.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.