E.l.f. Beauty's profits fall 30% as China tariffs weigh on bottom line

1. E.L.F. profits fell 30% due to new tariffs on Chinese imports. 2. Company reports $33.3 million net income, down from $47.6 million last year. 3. Sales grew 9%, but revenue growth has slowed to single digits. 4. E.L.F. launched new products and acquired Hailey Bieber's Rhode brand. 5. CEO highlights uncertainty in tariffs affecting future guidance.