e.l.f. Beauty Posts Upbeat Earnings, Joins Nvidia, LiveRamp Holdings, Borr Drilling And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | May 23, 2024 10:26am

U.S. stocks were mixed, with the Dow Jones index falling around 250 points on Thursday.

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter earnings.

e.l.f. Beauty reported adjusted earnings of 53 cents per share, beating the 32-cent estimate, according to data from Benzinga Pro. Quarterly sales clocked in at $321.14 million, beating the $292.17 million analyst consensus estimate, primarily driven by strength across retailer and e-commerce channels.

e.l.f. Beauty said it sees fiscal year earnings between $3.20 and $3.25 per share, versus the $3.51 per share estimate, and full-year revenue in a range of $1.23 billion and $1.25 billion, versus the $1.27 billion estimate.

e.l.f. Beauty shares climbed 15.5% to $179.86 on Thursday.

Here are some other big stocks recording gains in today's session.

Bicycle Therapeutics plc (NASDAQ:BCYC) shares jumped 21.2% to $25.97 after the company announced a $555 million private placement equity financing.
iLearningEngines, Inc. (NASDAQ:AILE) shares rose 16.7% to $5.81.
Endava plc (NYSE:DAVA) gained 13.1% to $33.05 following third-quarter results.
LiveRamp Holdings, Inc. (NYSE:RAMP) shares gained 12.7% to $36.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. Also, the company issued FY25 revenue guidance with its midpoint above estimates.
Borr Drilling Limited (NYSE:BORR) jumped 12.4% to $6.55 after the company reported better-than-expected first-quarter sales results and raised its dividend.
Erasca, Inc. (NASDAQ:ERAS) climbed 10% to $2.6850. Erasca Director Alexander W. Casdin acquired a total of 80,000 shares at an average price of $2.27.
BBB Foods Inc. (NYSE:TBBB) rose 9.7% to $27.01 as the company announced its consolidated results for the first quarter of 2024 ended March 31, 2024.
EnerSys (NYSE:ENS) gained 9.5% to $106.61 following fourth-quarter results.
NVIDIA Corporation (NASDAQ:NVDA) gained 8.4% to $1,029.74 after the company reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter. The company announced a 10-for-1 stock split and raised its quarterly dividend by 150%.
Cadeler A/S (NYSE:CDLR) gained 7.9% to $23.60.
Dell Technologies Inc. (NYSE:DELL) rose 7.2% to $158.35 as AI-related stocks gained in sympathy with NVIDIA. Dell and Ericsson disclosed a partnership to combine to accelerate telecom network cloud transformation.
PDD Holdings Inc. (NASDAQ:PDD) gained 6.8% to $157.32 after multiple analysts raised their price targets on the stock.
CI&T Inc. (NASDAQ:CINT) climbed 6.4% to $3.99. Canaccord Genuity analyst Joseph Vafi upgraded CI&T from Hold to Buy and raised the price target from $5 to $6.
Zuora, Inc. (NYSE:ZUO) rose 5.9% to $10.44 after the company reported better-than-expected first-quarter sales results and issued FY25 adjusted EPS guidance above estimates.
AC Immune SA (NASDAQ:ACIU) gained 4.6% to $3.61.