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E.l.f. Beauty: Fiscal 2Q Earnings Snapshot

·1 min read

OAKLAND, Calif. (AP) _ E.l.f. Beauty Inc. (ELF) on Wednesday reported fiscal second-quarter net income of $447,000.

On a per-share basis, the Oakland, California-based company said it had profit of 1 cent. Earnings, adjusted for stock option expense and non-recurring costs, were 16 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The cosmetics company posted revenue of $72.4 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $69.2 million.

E.l.f. Beauty expects full-year earnings in the range of 59 cents to 63 cents per share, with revenue in the range of $297 million to $303 million.

E.l.f. Beauty shares have risen 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.29, a rise of 19% in the last 12 months.

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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