E.l.f. Beauty Up 19% On Wider Q1 Profit

Shares of e.l.f. Beauty, Inc. (ELF) are gaining 19% on Thursday morning trade after the company announced wider profit in the first quarter.

e.l.f. Beauty is currently trading at $103.56, up 19.79 percent or $17.11, in its regular trading session. The stock opened its trading at $95.70 after closing Wednesday's trading at $86.45. The stock has traded between $22.97 and $103.90 in the past 52-week period.

e.l.f. Beauty reported a profit of $16.2 million, or $0.03 per share for the first quarter, wider than $1.5 million, or $0.53 per share in the comparable quarter last year.

Excluding one-time items, the company reported earnings of $23.8 million or $0.42 per share, that missed the average estimate of analysts polled by Thomson-Reuters of $0.47 per share.

Revenue in the quarter was $187 million, compared to $105 million last year.

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