By Jerry Kronenberg | Moomoo News
$e.l.f. Beauty (ELF.US)$ dropped more than 10% after hours Wednesday even after the cosmetics company beat fiscal Q4 earnings and revenue forecasts.
ELF sank 11.1% to $138.35 shortly after 4 p.m. ET after the firm reported $0.53 in earnings per share, beating the $0.33 consensus that analysts had reportedly projected.
The company also recorded $321.1 million of quarterly revenues, exceeding the $292.4 million consensus that analysts had reportedly estimated.