Estee Lauder Cos Inc forecast full-year revenue and profit above Wall Street expectations after beating estimates for quarterly earnings on Monday, bolstered by booming demand for its premium skincare products such as La Mer and strength in its Asia-Pacific business. Sales in the skincare business, its biggest and most profitable segment, rose 15% to $1.59 billion in the fourth quarter, while sales in Asia-Pacific region, which includes China, grew 18%. The company said it expects full-year sales to grow in the range of 7% to 8% and adjusted profit to be between $5.90 and $5.98 per share in fiscal 2020.

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