Shares of e.l.f. beauty (ELF) are dropping despite its Q1 results beating expectations on both the top and bottom lines. The company's full-year guidance disappointed though, with ebeauty giant warning that transportation costs could be a headwind for the company

Shares of Canopy Growth (CGC) are also dropping after the company posted a wider-than-expected loss and missing revenue expectations in the first quarter. However, the company was able to trim some costs in the quarter.

Nikola Motor (NKLA) shares are rising after the company beat second quarter revenue expectations, reporting the strongest top line in the history of the company.

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This post was written by Nicholas Jacobino