Why Consumer Tech Company ODDITY Shares Are Rocketing Today?
Portfolio Pulse from Lekha Gupta
ODDITY Tech Ltd's shares are up by 15% following the company's preliminary Q3 FY23 results, which predict revenue growth to surpass its guidance. The company has raised its net revenue growth outlook to 29.0%-31.0% and gross margin to 68.5%. It also expects an adjusted EBITDA margin within 21.0%-21.5%. The company's CEO attributes these strong financial results to the power of their platform and their ability to consistently deliver high growth and profitability.
October 03, 2023 | 11:06 am
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POSITIVE IMPACT
ODDITY Tech Ltd's shares are trading higher following the company's strong Q3 FY23 results and raised outlook. The company's strong financial performance is expected to continue, which could further boost the stock price.
The company's shares are trading higher due to the strong Q3 FY23 results and raised outlook. The company's strong financial performance and positive outlook indicate that it is performing well, which is likely to attract more investors and further boost the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100