E.l.f. Beauty Stock Plunges as Cosmetics Retailer Lowers Outlook on Weak January Sales
1. E.l.f. Beauty shares fell 26% after outlook adjustment. 2. New sales forecast: $1.3B to $1.31B, below previous estimates. 3. Soft January sales prompted guidance downgrade. 4. Third-quarter earnings missed estimates, net income down significantly. 5. E.l.f. shares lost almost 50% of value over the past year.