e.l.f. Beauty reported stronger-than-expected Q1 results but issued full-year guidance below Wall Street estimates.
e.l.f. Beauty (ELF) posted first-quarter results that exceeded expectations, driving shares higher in after-hours trading. The company reported a swing to a loss on an unadjusted basis but still outperformed estimates for the period.
Despite the Q1 beat, e.l.f. Beauty set full-year guidance below Wall Street’s expectations, raising concerns about future growth. The company did not provide specific numerical guidance in the release but indicated softer projections than analysts anticipated.
Shares climbed in extended trading, reflecting investor relief over the quarterly performance despite the cautious outlook.