E.l.f. Beauty (ELF) 4Q 2020 earnings boosted by online sales

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elf makeup products

Source: e.l.f.

Shares of E.l.f. Beauty surged more than 5% in extended trading Thursday after the cosmetics company said sales rose 13% in the fourth quarter, helped by the strength of its online business.  

The beauty industry has been hard hit as social restrictions around Covid-19 have largely suspended in-person activities. However, E.l.f. Chairman and CEO Tarang Amin said the company’s focus on its online marketplace allowed it to outperform in the face of a broader industry slowdown. 

“We’ve taken up our investment levels on both marketing and digital and it’s just been really great consumer engagement,”

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AstraZeneca sticks to 2020 outlook, boosted by drug stockpiling

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(Reuters) – AstraZeneca (AZN.L) topped analysts’ estimates for quarterly profit and reiterated its targets for the year on Wednesday, as the British drugmaker benefited from higher demand for some of its medicines during the coronavirus pandemic.

FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

The Cambridge-based drugmaker joined other big pharma firms in either maintaining or raising its forecast for 2020 and said its supply chain had proved resilient to the coronavirus-induced disruptions

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