10 Companies Echo Friday’s Market Pessimism

3. elf Beauty Inc. (NYSE:ELF)

Elf Beauty tumbled 19.62 percent on Friday to close at $71.13 apiece as investor sentiment was weighed down by a lowered earnings outlook for fiscal year 2025.

In its latest earnings release, ELF lowered its full year 2025 outlook to $1.3 billion and $1.31 billion from $1.31 billion to $1.33 billion previously.

“Given softer-than-expected trends in January, we are taking a prudent approach and lowering our outlook for the final quarter of our fiscal year. Our updated outlook for fiscal 2025 reflects an expected 27-28 percent year-over-year increase in net sales, as compared to an expected 28-30 percent increase previously,” said ELF Chief Finance Officer Mandy Fields.

In the third quarter of fiscal year 2025, ELF saw net income drop by 35.8 percent to $17.26 million from $26.89 million, while net income for the first nine months fell by 26 percent to $83.8 million from $113 million year-on-year.