e.l.f. Releases Q1 2018 Financials

@elfcosmetics/ via Instagram.com

e.l.f. Beauty Inc. (e.l.f.) has reported its Q1 financials, reports SF Gate.

The company reported earnings of $690,000, with revenue of $65.9 million. On a per-share basis, net income was one cent. Adjusted for stock option expense and amortization costs, earnings were 11 cents per share.

The numbers exceeded Wall Street expectations; when surveyed by Zacks Investment Research, nine analysts reached an average estimate of nine cents per share and $63.6 million in revenue.

Related: e.l.f Beauty Ends 2017 With An 18% Increase in Net Sales

e.l.f. CEO Tarang Amin was quoted—in an article from www.seekingalpha.com—as saying, "Highlights for the quarter included our full-chain rollout at Ulta Beauty, our most successful Beautyscape influencer program and product collaborations to date, and expanding our operations advantage to our first U.S. manufacturing partner." 

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