1214 ET [Dow Jones]--E.l.f. Beauty is facing a bit less pressure thanks to the reduction of China tariffs, making Oppenheimer analysts confident it can keep its full-year outlook in line with Wall Street forecasts when it reports 4Q earnings next week. The e.l.f. management team is usually conservative, so the analysts expect fourth-quarter guidance factored in macroeconomic challenges during the period. "Tariff relief removes a major overhang for shares and investor sentiment appears subdued," the analysts say in a research note. "With China tariff rates materially reduced, we now believe management has the ability to guide FY25 in line with the Street." (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 12:21 ET (16:21 GMT)

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