E.l.f. Beauty, Inc. (NYSE: ELF) announced third-quarter adjusted earnings per share of $1.24, surpassing analyst expectations of 72 cents. The company also reported revenue of $489.5 million, exceeding the forecasted $459.1 million. Net sales for the quarter increased by 38% compared to the same period last year.
Following the positive results, E.l.f. raised its fiscal year 2026 guidance above market estimates. Despite the upbeat earnings and outlook, the company’s shares initially rose but later declined in after-hours trading.
**Why this matters**
The better-than-expected financial performance and upward revision of guidance indicate strong demand and growth momentum for E.l.f. Beauty. However, the mixed market reaction highlights investor caution amid broader market conditions or profit-taking after the initial rally.
Source: NewsData