Shares of E.l.f. Beauty surged Wednesday after the company reported a major earnings beat.
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Shares of E.l.f. Beauty
surged roughly 15% Wednesday after the company reported a huge earnings beat and raised its guidance for the fiscal year.
Here’s what the company reported for the third fiscal quarter, compared with analyst estimates from LSEG:
E.l.f. said net sales increased 38% to $489.5 million, from $355 million in the same period a year ago, driven by growth across the globe and across its retailers and e-commerce. It reported adjusted net income of $74.5 million.
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