Olaplex Hldgs Q2 Adj EPS $0.03 Misses $0.05 Estimate, Sales $109.24M Miss $131.47M Estimate
Portfolio Pulse from saritha@benzinga.com
Olaplex Hldgs reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.05 by 40%. This is a 78.57% decrease from the same period last year. The company also reported quarterly sales of $109.24 million, missing the analyst consensus estimate of $131.47 million by 16.91%. This is a 48.20% decrease from the same period last year.
August 08, 2023 | 10:46 am
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Olaplex Hldgs reported lower than expected Q2 earnings and sales, with a significant decrease from the same period last year.
Olaplex Hldgs reported a significant decrease in Q2 earnings and sales compared to the same period last year, and also missed analyst estimates. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100