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(Reuters) - Estee Lauder cut its annual profit on Wednesday as the MAC lipstick maker struggles with a slower-than-anticipated recovery in its Asia travel retail business.
The company now expects full-year 2024 adjusted profit per share between $2.17 and $2.42, compared with its prior forecast of $3.50 to $3.75.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
