Latest News by Industry
OAKLAND, Calif. (AP) _ E.l.f. Beauty Inc. (ELF) on Wednesday reported fiscal third-quarter profit of $19.1 million.
On a per-share basis, the Oakland, California-based company said it had profit of 34 cents. Earnings, adjusted for one-time gains and costs, were 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The cosmetics company posted revenue of $146.5 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $121.8 million.
E.l.f. Beauty expects full-year earnings in the range of $1.37 to $1.40 per share, with revenue in the range of $541 million to $545 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ELF">Zacks stock report on ELF at https://www.zacks.com/ap/ELF