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Wednesday, August 8, 2018

=e.l.f. Beauty (ELF) reported earnings Wed 8 Aug 2018 (a/h)

Shares of ELF Beauty (ELF) after the beauty-products retailer cut its revenue forecast for 2018. ELF reported its second-quarter net income shrank to $1.24 million, or 3 cents a share, from $4 million, or 8 cents a share, a year earlier. On an adjusted basis, the company would have earned 13 cents a share. Revenue rose 6% to $59.1 million. Analysts surveyed by FactSet had forecast earnings of 6 cents a share on revenue of $59.1 million. Meanwhile, ELF lowered its 2018 revenue outlook to low single digits from 6% to 8% and widened its adjusted earnings per share estimate to 56 cents to 61 cents versus 59 cents to 61 cents. ELF shares skidded 10% after hours.

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