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By Kathryn Hardison
E.l.f. Beauty Inc. raised its fiscal-year outlook after the cosmetics company reported higher sales in its second quarter.
The company guided for fiscal-year net sales in the range of $478 million to $486 million, up from its prior outlook of between $448 million to $456 million.
Adjusted net income is expected to be between $59 million and $60.5 million, increased from the prior outlook of $47 million to $48.5 million.
The company also guided for adjusted per-share earnings to be between $1.07 to $1.10, up from its prior outlook of 84 cents to 87 cents.
Write to Kathryn Hardison at kathryn.hardison@wsj.com