October 31, 2019 / 11:00 AM / 20 days ago

Estee Lauder cuts profit forecast on Hong Kong, China troubles

Oct 31 (Reuters) - Estee Lauder Cos Inc cut its full-year profit forecast on Thursday, citing challenges due to months-long protests in Hong Kong and slowing growth in China.

The company now expects 2020 adjusted profit between $5.85 and $5.93 per share compared with its prior range of $5.90 to $5.98. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)

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