E.L.F. Beauty shares fall on revenue outlook

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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