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E.l.f. Beauty beats Street 4Q forecasts

OAKLAND, Calif. (AP) _ E.l.f. Beauty Inc. (ELF) on Wednesday reported fourth-quarter net income of $6.6 million.

On a per-share basis, the Oakland, California-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The cosmetics company posted revenue of $76.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $74.4 million.

E.l.f. Beauty expects full-year earnings in the range of 40 cents to 43 cents per share, with revenue in the range of $285 million to $295 million.

E.l.f. Beauty shares have declined 13 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELF at https://www.zacks.com/ap/ELF

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Keywords: e.l.f. Beauty, Earnings Report