e.l.f. shares are trading higher after the company reported better-than-expected Q4 earnings on Wednesday but issued weak guidance. The stock initially fell on the report but is higher on Thursday.
Portfolio Pulse from Benzinga Newsdesk
e.l.f. shares are trading higher after the company reported better-than-expected Q4 earnings on Wednesday but issued weak guidance. The stock initially fell on the report but is higher on Thursday.
May 23, 2024 | 1:16 pm
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e.l.f. reported better-than-expected Q4 earnings, which initially caused the stock to fall due to weak guidance. However, the stock rebounded and is trading higher on Thursday.
The better-than-expected Q4 earnings provided a positive surprise, which outweighed the initial negative reaction to the weak guidance. This led to a rebound in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100