E.l.f. Beauty Inc.’s ELF Stock Surges 10% in After-Hours Trading
Published: Nov. 1, 2023 at 4:18 p.m. ET
E.l.f. Beauty Inc.’s stock (ELF) experienced a significant surge of 10% during after-hours trading on Wednesday, following the release of the company's quarterly results. These results exceeded revenue and earnings estimates set by analysts.
In the fiscal second quarter, E.l.f. reported a net income of $33.3 million, equivalent to 58 cents per share. This showcases a substantial increase in comparison to the net earnings of $11.7 million, or 21 cents per share, seen in the year-ago quarter. Moreover, the adjusted net income for this quarter was recorded at an impressive 82 cents per share.
The company also observed a remarkable growth in net sales, witnessing a surge of 76% to reach $215.5 million. This stands in stark contrast to the $122.3 million recorded during the same period last year. Analysts surveyed by FactSet had anticipated average net earnings of 53 cents per share on revenue totaling $197.1 million. E.l.f.'s results surpassed these expectations.
Real-Estate Market Faces Potential Upheaval Following Jury Ruling
Shares within the real-estate market experienced a significant decline on Tuesday, driven by a jury ruling which has the potential to disrupt the way people purchase homes.
Visit a quote page to stay updated on stock tickers you have recently viewed.
No results found
Related Articles
Moncler Sales Growth Slows in Q3
Moncler, the Italian fashion group, experienced slower sales growth in Q3 compared to the first half of the year. While sales rose in the Asia-Pacific region, t...
Economic Growth Exceeds Expectations
The US economy has surpassed expectations with a 2.4% annual growth rate fueled by consumer spending and business investment.
Alibaba Boosts Stock Repurchases in Fourth Quarter
Alibaba Group Holding boosts stock repurchases in Q4, attracting investors with its strong financial position and focus on shareholder returns.