e.l.f. Beauty Cuts Its Outlook on Industry Weakness
Cosmetics specialist e.l.f. Beauty (NYSE: ELF) announced solid sales growth, improving profitability, and rising market share in third-quarter earnings results this week. However, the company tempered that good news by sharply reducing its full-year outlook as competition heats up in the beauty industry.
More on that updated 2017 forecast in a moment. First, here's how the latest headline numbers stacked up against the prior year:
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Source: Fool.com