anouchka U.S. stock index futures on Thursday pointed to a higher open, especially for the tech-heavy Nasdaq Composite ( COMP:IND ) primarily on the back of another blowout quarterly report by chip giant Nvidia ( NVDA ).
Here are some stocks to watch on Thursday: e.l.f.
Beauty ( ELF ) stock had reversed its losses from Wednesday's extended trade and was last up more than 6% ahead of the opening bell. The beauty and cosmetics products maker reported a 71% Y/Y jump in FQ4 2024 revenue, while its gross margin improved 180 basis points primarily on the back of price increases. The negative reaction to the report after hours on Wednesday was likely sparked due to e.
l.f. Beauty's ( ELF ) fiscal 2025 revenue guidance coming in below expectations.
It should be noted that the company is known to set conservative guidance. According to e.l.
f. ( ELF ) top boss Tarang Amin, the company expanded market share by 325 basis points in the quarter. Shares of Medtronic ( MDT ) had given up their gains in pre-market trading and were now nearly 1% lower .
The medical device maker delivered a FQ4 2024 top and bottom line beat, issued revenue growth guidance that was in-line with estimates, and hiked its quarterly dividend. Dublin, Ireland-based Medtronic's ( MDT ) Q4 worldwide revenue of $8.59B increased 5.
4% Y/Y on an organic basis. Sales of its cardiovascular portfolio - its biggest revenue generator - rose 4% on an organic basis, while its diabetes portfolio showed strong organic revenue growth.