$ECN.TO Reports $0.03 Earnings; $ELF.TO NEV at $2,124, $63.75 Dividends, 16% Stock Drop

$ECN.TO reported earnings of $0.03 for the quarter, making its full-year guidance of 10-16 cents appear reasonable. Meanwhile, $ELF.TO reported a net earnings value (NEV) of approximately $2,124, which surpasses the $63.75 in dividends paid in the second quarter. Despite beating earnings expectations, $ELF's stock fell by 16% after the announcement due to analysts adjusting their estimates downward, indicating that prior consensus estimates had been overly optimistic. The company also faced increased spending, which raised additional concerns among investors.