=e.l.f. Beauty (ELF) reported earnings on Wed 8 March 17 (a/h)

e.l.f. Beauty beats by $0.06, beats on revs; guides FY17 EPS above consensus, revs above consensus :

• Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.13; revenues rose 16.8% year/year to $76.4 mln vs the $74.51 mln Capital IQ Consensus, driven by sales growth across leading national retailers and the Company's direct business. Gross margin expanded to 59% from 54% in the fourth quarter of 2015, primarily as a result of margin accretive innovation.
• Co issues upside guidance for FY17, sees EPS of $0.40-0.43, excluding non-recurring items, vs. $0.36 Capital IQ Consensus Estimate; sees FY17 revs of +24-28% to $285-295 mln vs. $281.35 mln Capital IQ Consensus Estimate.