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

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.

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