e.l.f Beauty Stock Is Rising After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
e.l.f. Beauty Inc (NASDAQ:ELF) reported better-than-expected Q3 results and raised its full-year guidance, leading to a rise in its stock price. Q3 revenue was $215.5 million, beating estimates of $196.28 million, and EPS was 82 cents, surpassing estimates of 51 cents. The company raised its full-year revenue guidance from $792-$802 million to $896-$906 million, and its earnings outlook from $2.19-$2.22 per share to $2.47-$2.50 per share.
November 01, 2023 | 9:32 pm
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e.l.f. Beauty's better-than-expected Q3 results and raised full-year guidance could lead to a positive short-term impact on its stock price.
e.l.f. Beauty's Q3 results exceeded expectations, and the company raised its full-year guidance, which is typically a positive signal to investors and can lead to a rise in the stock price. The company's strong performance and optimistic outlook could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100