Shares of Estee Lauder ( EL) jumped 11% Wednesday after the cosmetics maker handily beat second-quarter earnings targets and boosted its guidance for the full year.

For the period ended Dec. 31, the company earned $208.4 million, or 99 cents a share, on revenue of $1.99 billion. Analysts polled by Thomson Financial expected earnings of 76 cents a share on revenue of $1.91 billion.

In the year-earlier quarter, Estee Lauder earned $81.7 million, or 38 cents a share, on revenue of $1.78 billion.

"Our strong top line growth reflected gains in all major product categories within each geographic region, as well as favorable foreign currency movement," said President and CEO William Lauder in a statement. "At the same time, the company's cost savings initiatives and disciplined expense control aided the bottom line. As a result, we generated a 260 basis point increase in operating margin this quarter and better than expected earnings per share growth."

The owner of brands such as Clinique, Aveda and Aramis now sees fiscal 2007 earnings of $2.10 to $2.20 a share. Previously, the company forecast earnings of $2 to $2.10 a share. Analysts, on average, project earnings of $2.09 a share.

Estee Lauder anticipates full-year revenue growth of 6% to 7%, which would imply revenue of $6.85 billion to $6.91 billion. Analysts project revenue of $6.87 billion.

Shares recently were trading up $4.57 to $45.90. Earlier, the shares reached a 52-week intraday high of $48.15, surpassing the high of $43.60 set on Oct. 23. The stock traded at a 52-week low of $34.81 in April.

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