raised its full-year outlook on Tuesday after reporting a 76% year-over-year sales jump, sending shares surging about 15% in extended trading.and what Wall Street was anticipating, based on a survey of analysts by Refinitiv:$216 million vs. $184 million expectedThe company's reported net income for the three-month period that ended June 30 was $53 million, or 93 cents per share, compared with $14.5 million, or 27 cents per share, a year earlier. Excluding one-time items, e.l.f earned $62.
The company now expects net sales to be between $792 million and $802 million, compared to a previous range of $705 million to $720 million. Analysts had been expecting a range between $713 million and $760 million, according to Refinitiv. The company also now expects adjusted full-year profits to be between $125 million and $127 million, compared to a previous range of $98.5 million to $100.5 million.
"This marks our 18th consecutive quarter of delivering both net sales growth and market share gains," Tarang Amin, e.l.f.'s chairman and CEO, said in a news release. "We are one of only five publicly traded consumer companies out of 274 that has grown for 18 straight quarters and averaged at least 20% sales growth per quarter over that period."
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