E.l.f. Beauty's Guidance Sinks Stock Despite Blowout Earnings
e.l.f.(ELF) Investopedia·2024-08-10 04:21
Key Takeaways E.l.f. Beauty's fiscal year 2025 guidance fell short of analyst expectations, sending shares sharply lower on Friday. The beauty products maker posted a quarterly profit and sales well above forecasts. E.l.f. benefited from higher prices and volumes. Shares of e.l.f. Beauty (ELF) tumbled on Friday after the cosmetics and beauty products maker gave a weakerthan-expected outlook after posting a monster quarter. E.l.f. sees full-year adjusted earnings per share (EPS) of $3.36 to $3.41, and revenu ...