e.l.f. Beauty Inc.'s stock surged 14.32% in after-hours trading Wednesday following the release of better-than-expected third-quarter financial results and an upward revision to its full-year outlook.

The makeup and skincare company reported quarterly adjusted earnings of $1.24 per share, significantly surpassing analysts' consensus estimate of 72 cents. Revenue jumped 38% year-over-year to $489.5 million, also exceeding projections of approximately $460.2 million.

Management attributed the strong performance to resilient demand for its affordable products amid economic uncertainty, successful expansion across retail and e-commerce channels, and contributions from the recently acquired Rhode brand. The company raised its fiscal 2026 net sales forecast to a range of $1.60 billion to $1.61 billion, up from prior guidance of $1.55 billion to $1.57 billion, and increased its adjusted EPS outlook to $3.05-$3.10 from $2.80-$2.85.