Summary : Earnings, adjusted for stock option expense and amortization costs, came to 39 cents per share. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The cosmetics company posted revenue of $122.6 million in the period, which also topped Street forecasts.
E.l.f. Beauty expects full-year earnings in the range of 84 cents to 87 cents per share, with revenue in the range of $448 million to $456 million.
OAKLAND, Calif. (AP) _ E.l.f. Beauty Inc. (ELF) on Wednesday reported fiscal first-quarter net income of $14.5 million.
The Oakland, California-based company said it had profit of 27 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 39 cents per share.The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.The cosmetics company posted revenue of $122.6 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $109.4 million.E.l.f. Beauty expects full-year earnings in the range of 84 cents to 87 cents per share, with revenue in the range of $448 million to $456 million.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELF at https://www.zacks.com/ap/ELF
