Estee Lauder Cos. Inc. raised its profit outlook for the year after strong demand for its makeup and skin-care products around the world helped it crush profit and sales estimates in the first quarter. The maker of Bobbi Brown, MAC and other cosmetics also said on Thursday that it would raise its annual dividend 40 percent, and announced a 2-for-1 stock split. Its shares rose almost 18 percent to $118.86. Estee Lauder said demand was particularly robust in Asian areas such as China, Hong Kong, South Korea, Taiwan and Thailand. Business was good in Europe too, despite a tough climate for consumer spending, thanks to Estee Lauder winning market share from rivals and attracting new customers with lower-priced items like its Clinique line, its CEO said. "This isn't optimism about Europe — it's optimism about our business in Europe," Chief Executive Fabrizio Freda told Reuters.