Shares of ELF slump as beauty-products retailer lowers revenue outlook
Shares of ELF Beauty Inc. tanked in Wednesday's extended session 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... Читать дальше...