E.l.f. Beauty stock tanks after retailer cuts guidance, citing ‘soft’ January amid TikTok saga and LA wildfires

E.l.f. Beauty stock tanks after retailer cuts guidance, citing ‘soft’ January amid TikTok saga and LA wildfires

E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and “softer than expected” sales trends in January, marking a rare downturn for one of beauty’s hottest brands.  The cosmetics company reported holiday sales that were higher than expected but profits that narrowly missed estimates, another rare miss for the…

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Comcast beats earnings estimates but underwhelms in broadband, Peacock subscribers

Comcast beats earnings estimates but underwhelms in broadband, Peacock subscribers

Comcast topped Wall Street’s fourth-quarter estimates on Thursday despite reporting larger-than-expected broadband subscriber losses and stagnating paid subscribers for its streaming service, Peacock. Wall Street has been particularly focused on cable companies’ broadband businesses, which still garner high revenue and earnings but have been in the midst of a customer growth slump due to heightened…

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Tesla fourth-quarter results miss estimates as automotive revenue drops 8%

Tesla fourth-quarter results miss estimates as automotive revenue drops 8%

André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles.  Patrick Pleul | Picture Alliance | Getty Images Tesla reported earnings and revenue for the fourth quarter that trailed analysts’ estimates. The stock initially sank in extended trading before rebounding. Here’s how…

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