How did WALD's Q4 earnings surprise investors?

**Waldencast's Q4 earnings did not meet investor expectations.** Here are the details: 1. **Earnings Per Share (EPS) Surprise**: Waldencast reported an EPS surprise of -0.13, which indicates that the company's EPS fell short of investor expectations. 2. **Revenue Surprise**: Although Waldencast reported a revenue surprise of $1.31 million, the company's net revenue for the quarter was $72.1 million. This might not have been enough to satisfy investors, especially considering the previous year's performance and the overall growth trajectory of the company. 3. **Overall Performance**: Waldencast's performance in Q4 was mixed. While the company reported significant growth in net revenue and adjusted EBITDA, the EPS figure was below par. The company's strategic expansions, such as the distribution of Milk Makeup to Ulta Beauty and the growth of Obagi Medical, contributed to the revenue increase but might not have translated into proportional EPS growth due to additional costs or operational challenges. In conclusion, Waldencast's Q4 earnings fell slightly short of investor expectations, primarily due to the negative EPS surprise and possibly the perceived inadequacy of the revenue growth in relation to investor expectations.