The American cosmetics group Estée Lauder beat Wall Street expectations for first-quarter sales on Thursday, signaling early success in CEO Stéphane de La Faverie’s turnaround strategy. The company also reported a rebound in its key Chinese market, sending its shares up nearly 6% in premarket trading.

From July to September, revenue rose 3.6% year over year to $3.48 billion, above analysts’ forecasts of $3.38 billion, according to data compiled by FactSet. Net profit came in at $47 million, compared with the $52 million expected. Adjusted earnings per share stood at 13 cents, slightly below the 15 cents analysts had anticipated.

The owner of Clinique , M.A.C., La Mer , Le Labo and Tom Ford said sales in China rose 8.5% compared with the same quarter last year, helped by strong

See Full Page