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E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations.
The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw profits nearly triple compared with the year-ago period.
Shares jumped about 9% in extended trading Wednesday.
Here’s how E.l.f. did in its fiscal second quarter, compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:
- Earnings per share: 82 cents, adjusted, vs. 53 cents expected
- Revenue: $215.5 million vs. $197.1 million expected
The company’s reported…
Source cnbc.com
