UPDATE 1-Newell edges past sales estimates, raises forecast

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Aug 4 - Sharpie maker Newell Brands Inc's quarterly sales scrapped past analysts' estimates as it sold more home fragrances and baby and parenting products.

The company on Friday also raised its full-year sales forecast to $14.8 billion to $15.0 billion from $14.52 billion to $14.72 billion.

Revenue in Newell's biggest business, Live, which sells home fragrances and baby products such as Graco strollers, increased 13.8 percent to $1.28 billion in the quarter.

Net income rose to $223 million, or 46 cents per share, in the second quarter ended June 30, from $135.2 million, or 30 cents per share, a year earlier.

Excluding items, Newell earned 87 cents per share, in line with the average analyst estimate, according to Thomson Reuters I/B/E/S.

Net sales rose 5.1 percent to $4.05 billion, beating analysts' average estimate of $3.95 billion.

Core sales growth, which excludes the impact of currency changes and acquisitions and divestitures rose 2.5 percent.

(Reporting by Karina Dsouza in Bengaluru; Editing by Martina D'Couto)