OAKLAND, Calif. (AP) _ E.l.f. Beauty Inc. (ELF) on Wednesday reported fiscal second-quarter earnings of $6.5 million.
The Oakland, California-based company said it had profit of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 15 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The cosmetics company posted revenue of $67.6 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $60.3 million.
E.l.f. Beauty expects full-year earnings in the range of 44 cents to 48 cents per share, with revenue in the range of $265 million to $272 million.
E.l.f. Beauty shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.89, an increase of 35% in the last 12 months.