Why E.L.F. Beauty Stock Is Taking Off Thursday
Portfolio Pulse from Adam Eckert
E.L.F. Beauty Inc (NYSE:ELF) reported strong Q2 results, beating estimates with a 76% YoY revenue increase to $215.5 million and earnings of 82 cents per share. The company raised its full-year revenue and earnings guidance above estimates. The stock was trading 10.7% higher at $104.27.
November 02, 2023 | 1:41 pm
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E.L.F. Beauty's strong Q2 results and raised full-year guidance could lead to a short-term increase in the stock price.
E.L.F. Beauty reported strong Q2 results, beating estimates, and raised its full-year guidance. This positive financial performance is likely to increase investor confidence and demand for the stock, potentially leading to a short-term increase in the stock price.
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