Estee Lauder (EL) - Get Report on Monday posted robust fiscal fourth-quarter and full-year earnings amid strong sales of its makeup and other beauty and self-care products, particularly in China and other overseas markets.

The New York-based company posted net income of $157 million, or 43 cents a share, in its fiscal fourth quarter, vs. $186 million, or 49 cents a share, in the comparable year-earlier period. On an adjusted basis, the company earned 64 cents a share, above the 53 cents a share expected by analysts polled by FactSet.

Sales were $3.59 billion for the quarter, up 9% from a year earlier and matching analysts' forecasts.

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"Fiscal 2019 was an outstanding year for our company," CEO Fabrizio Freda said in a statement. "With savings from our Leading Beauty Forward initiative and cost discipline throughout the organization, we grew profit far ahead of our net sales growth, while also investing in our strategic priorities."

For the full fiscal year, Estee Lauder said net income rose to $1.79 billion, or $4.82 a share, from $1.11 billion, or $2.95 a share, in fiscal 2018. On an adjusted basis, the company posted full-fiscal-year earnings of $5.34 a share, surpassing analysts' estimates of $5.24.

Revenue came in at $14.86 billion.

For its first fiscal quarter of 2020, Estee Lauder expects net sales to rise between 9% and 10%, and adjusted per-share earnings of between $1.56 and $1.59. For the full year, it expects net sales to increase 7% to 8%, at the high end of the company's long-term growth goal, and adjusted per-share earnings of between $5.90 and $5.98.

"As part of this, the company aims to stabilize the North America business despite the currently tough retail environment," Estee Lauder said.

Shares of Estee Lauder gained nearly 10%, rising $16.83 to $196.05 in mid-morning trading on the New York Stock Exchange.