Estee Lauder Jumps Most in Seven Years as Asia Powers Expansion
Shoppers stand in line outside an Estee Lauder store inside New Town Plaza shopping mall, operated by Sun Hung Kai Properties Ltd., in Hong Kong.
Photographer: Justin Chin/BloombergEstee 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.