E.l.f. Beauty Shares Are Trading Lower Today: What You Need To Know
Portfolio Pulse from Vaishali Prayag
E.l.f. Beauty, Inc. (NYSE:ELF) shares are trading lower following their first-quarter earnings report for fiscal year 2025. Despite beating market expectations with an EPS of $1.10 and revenue of $324.47 million, mixed analyst ratings and concerns about a slowing consumer market and future tariffs have impacted the stock. The company raised its full-year revenue guidance but still saw a 15.77% drop in stock price.
August 12, 2024 | 8:18 pm
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E.l.f. Beauty's stock fell by 15.77% despite beating Q1 earnings expectations. Mixed analyst ratings and concerns about a slowing consumer market and future tariffs contributed to the decline.
The significant drop in E.l.f. Beauty's stock price is primarily due to mixed analyst ratings and concerns about broader market conditions, despite the company beating earnings expectations and raising its full-year revenue guidance.
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IMPORTANCE 90
RELEVANCE 100