E.L.F. Beauty Inc. shares dropped in the extended session Tuesday after the beauty products retailer’s revenue outlook fell short of Wall Street estimates. E.L.F. shares fell 8% after hours. The company forecast 2018 earnings of 59 cents to 61 cents a share on revenue of $286 million to $291 million. Analysts surveyed by FactSet expect earnings of 58 cents a share on revenue of $301.3 million. E.L.F. reported fourth-quarter net income of $21.5 million, or 44 cents a share, compared with $6.6 million, or 13 cents a share, in the year-ago period. Adjusted earnings were 26 cents a share. Revenue rose to $81.6 million from $76.4 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 17 cents a share on revenue of $81.8 million.
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