Diamonds and Dogs

8/9/24

Expedia (EXPE) jumps 8% on strong earnings rebuffing concerns at Airbnb. Expedia easily beat by 33 cents as revenues rose 6% to $3.56 billion. However, management did see some softening in travel demand since mid-July with indications it could continue. Hence full year gross bookings have been lowered from the prior guidance range.

Elf Beauty (ELF) having a tough day. The beatify and cosmetic maker easily beat estimates as the consumer consensus buyer bought their products during the quarter. However, going forward, the company's guidance was less than expected on concerns of a slowing economy.

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