E.l.f. Beauty's more upbeat outlook shows demand for cosmetics is still growing

Shares of e.l.f. Beauty jumped after hours on Wednesday, after the cosmetics maker raised its full-year outlook as shoppers continue to seek out lower-priced cosmetics.The company ELF said it now expects full-year sales of $1.6 billion to $1.612 billion, up from a prior forecast for $1.55 billion to $1.57 billion. E.l.f. expects adjusted earnings per share of $3.05 to $3.10, up from a range of $2.80 to $2.85 a share. ...