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e.l.f. Beauty's Stunning Earnings Report Failed to Dazzle Wall Street in After-Market Trading

e.l.f. Beauty Inc. (ELF) just reported a stunning earnings report, but Wall Street is not entirely dazzled.

In after-hours trading, the stock was at $25.17, down 1.45%, likely because the company simply reiterated, but did not raise, its 2017 guidance for a 24% to 28% net sales growth. Wall Street prefers when companies raise their outlook.

After the market close on Wednesday, Aug. 9, the cosmetics company reported second-quarter earnings of 12 cents per diluted share, slamming Wall Street's estimates for earnings of a scant 3 cents a share. E.l.f.'s net sales rose 27% to $55.9...