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E.l.f.’s stock jumps 10% on earnings, revenue beat; strong guidance

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Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

E.l.f. Beauty Inc.’s ELF, +2.06% stock soared 10% in extended trading Wednesday after the company reported quarterly results that topped analyst revenue and earnings estimates. E.l.f. reported fiscal second-quarter net income of $33.3 million, or 58 cents a share, compared with net earnings of $11.7 million, or 21 cents a share, in the year-ago quarter. Adjusted net income was 82 cents a share.

Net sales surged 76% to $215.5 million, compared with $122.3 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 53 cents a share on revenue of $197.1 million. The company offered full-year revenue guidance of $896 million to $906 million, easily topping FactSet analyst projections of $851.6 million. Shares of E.l.f. have jumped 71% this year. The broader S&P 500 index SPX, +1.05% has increased 10%.

 

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