Yahoo Finance Live anchors discuss third-quarter earnings for e.l.f. Beauty.
Beauty (NYSE: ELF) soared on Thursday after the company reported third-quarter financial results for its fiscal 2023 and raised its outlook going forward. As of 12:40 p.m. ET, e.l.f Beauty stock was up 14%. Beauty makes cosmetic products that are primarily sold at big-box retailers -- Walmart and Target combined account for nearly half of the company's sales.
e.l.f. Beauty (ELF) delivered earnings and revenue surprises of 108.70% and 20.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?