UPDATE 3-Estee Lauder sees no slowdown in China, forecasts robust fiscal 2020
August 19, 2019 at 11:48 AM EDT
Estee Lauder Cos Inc on Monday forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skin care products soared, propelling its shares to a record high.