E.l.f. Beauty lowered its full-year guidance after reporting a 36% profit drop and weaker-than-expected January sales. The cosmetics company reported higher-than-expected revenue but slightly missed earnings per share projections. E.l.f. Beauty's outlook for the current quarter appears weaker than anticipated. Projected earnings per share fall well below market expectations based on its full-year guidance and previous performance. CEO Tarang Amin cited industry-wide softness, challenging comparisons, and underperforming product launches.
