Sweetgreen, Take-Two, e.l.f., Paramount: Earnings in focus
Asking for a Trend host Josh Lipton breaks down some of the names moving the most in after-hours trading. Shares of Sweetgreen (SG) are soaring after it topped second quarter revenue estimates and raised its full-year outlook for same-store sales. Similarly, shares of Take-Two Interactive Software (TTWO) are rising after the video game publisher beat first quarter estimates. However, the company did not provide an update on the highly anticipated Grand Theft Auto 6. On the other hand, shares of e.l.f. Beauty (ELF) are sinking on weak guidance, despite the beauty giant beating earnings expectations on both the top and bottom lines. Paramount Global (PARA, PARAA) shares are rising after the media giant reported second quarter earnings and announced plans to cut 15% of its US workforce by the end of the year. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
