e.l.f. Beauty Stocks Roars On Q1 Performance, Management Lifts Annual Outlook
Portfolio Pulse from Ryan Gustafson
e.l.f. Beauty, Inc. (NYSE:ELF) reported Q1 earnings of $1.10 per share, beating the analyst consensus estimate of $0.58, and sales of $216.34 million, beating the estimate of $184.92 million. The company also raised its fiscal year 2024 outlook, estimating a 37% to 39% YoY increase in net sales. ELF shares were up 14.1% after hours.
August 04, 2023 | 10:33 am
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e.l.f. Beauty beat Q1 earnings and sales estimates and raised its FY 2024 outlook, leading to a 14.1% increase in after-hours trading.
e.l.f. Beauty's strong Q1 performance and raised FY 2024 outlook exceeded market expectations, leading to a significant increase in its stock price.
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