Oddity Tech Expects To Report Record Q3 Results, Beating Revenue Guidance; Now Expect Our Year-Over-Year Net Revenue Growth For Q3 To Be Between 29-31%; Shares Spike Higher
Portfolio Pulse from Benzinga Newsdesk
Oddity Tech Ltd. (NASDAQ:ODD) has announced preliminary unaudited financial results for Q3 2023, expecting to report record results and beat revenue guidance. The company anticipates a YoY net revenue growth for Q3 between 29-31%, exceeding initial guidance of 18-23%. The strong financial results are attributed to the company's platform, which is transforming the global beauty and wellness market. The company's brands, IL MAKIAGE and SpoiledChild, continue to deliver high growth and profitability.
October 02, 2023 | 8:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Oddity Tech Ltd. expects to report record Q3 results, beating revenue guidance. The company's strong performance is attributed to its transformative platform and high-performing brands, IL MAKIAGE and SpoiledChild.
The announcement of Oddity Tech Ltd. beating its revenue guidance and expecting record Q3 results is a positive signal to investors. This could lead to increased investor confidence and potentially a rise in the company's stock price in the short term. The company's strong performance is attributed to its platform and high-performing brands, which indicates a strong business model and potential for future growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100