On today's episode of Asking for a Trend, Host Josh Lipton explores three markets — cryptocurrency, housing, and the beauty market. As the crypto world eagerly awaits the decision on the approval of an ether ETF, the show welcomes BitGo Go Network Head and Managing Director Matt Ballensweig who offers his expert perspective on why he believes the SEC will ultimately greenlight this investment product. Yahoo Finance's Julie Hyman takes a deep dive into the housing market, exploring the persistent supply challenges faced by homebuyers despite the easing of mortgage rates. Finally, E.l.f. Chairman and CEO Tarang Amin joins the show to discuss the beauty giant's impressive fourth-quarter earnings beat and his outlook on the company's growth trajectory. This post was written by Angel Smith
ELF Beauty gave a cautious outlook late Wednesday after earnings unexpectedly rose in its fiscal fourth quarter. ELF Beauty stock surged above a key level Thursday, after worries about a mass beauty slowdown hit shares hard in April.
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) jumped 22% in the afternoon session after the company reported first-quarter earnings results. e.l.f. blew past analysts' EPS expectations. Its revenue (up 71% y/y) also outperformed Wall Street's estimates, driven by higher unit volumes and mix. In FY'24, the company surpassed the milestone of $1B in annual sales. On the other hand, its operating margin missed analysts' expectations, and its full-year revenue and earnings guidance missed Wall