E.L.F Beauty Shares Soar After Company's Earnings And Outlook Beat Estimates

By Tonya Garcia Markets MarketWatch Pulse

E.L.F Beauty Inc. shares soared 14% late Wednesday after the cosmetics company swung to a profit in the fourth quarter and gave guidance above consensus. E.L.F said it earned $6.6 million, or 13 cents a share, in the quarter, versus a loss of $40 million, or $1,151.13 a share, in the year-ago quarter. Adjusted for one-time items, the Oakland, Calif., company earned 19 cents in the quarter, compared with 14 cents a share a year ago and beating the 13 cents FactSet consensus. Sales rose to $76.4 million in the quarter, up 17% from a year ago. The company said it expects full-year 2017 sales between $285 million and $295 million, and adjusted EPS of 40 cents to 43 cents. The FactSet consensus is for sales of $281.3 million and EPS of 36 cents for the year. E.L.F. shares are down 16.8% for the last three months while the S&P 500 index is up 5.2% for the same period.

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