OAKLAND, California — E.l.f. Magnificence Inc. on Tuesday reported fourth-quarter revenue of $21.5 million.
On a per-share foundation, the Oakland, California-based firm stated it had web revenue of 44 cents. Earnings, adjusted for one-time features and prices, got here to 26 cents per share.
The outcomes exceeded Wall Road expectations. The common estimate of 10 analysts surveyed by Zacks Funding Analysis was for earnings of 17 cents per share.
The cosmetics firm posted income of $81.6 million within the interval, which missed Road forecasts. Eight analysts surveyed by Zacks anticipated $81.7 million.
For the yr, the corporate reported revenue of $33.5 million, or 68 cents per share. Income was reported as $269.9 million.
E.l.f. Magnificence expects full-year earnings within the vary of 59 cents to 61 cents per share, with income within the vary of $286 million to $291 million.
E.l.f. Magnificence shares have decreased 8 p.c for the reason that starting of the yr. Within the remaining minutes of buying and selling on Tuesday, shares hit $20.48, a drop of 27 p.c within the final 12 months.
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