Olaplex Hldgs Q3 Adj EPS $0.05 Beats $0.04 Estimate, Sales $123.60M Beat $116.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olaplex Hldgs (NASDAQ:OLPX) reported Q3 adjusted earnings of $0.05 per share, beating the analyst consensus estimate of $0.04 by 25%. However, this is a 54.55% decrease from the same period last year. The company also reported quarterly sales of $123.60 million, beating the analyst consensus estimate of $116.65 million by 5.96%, but this is a 29.95% decrease from the same period last year.
November 07, 2023 | 11:46 am
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Olaplex's Q3 earnings beat estimates but are down from last year. This mixed result could lead to uncertainty in the market.
While Olaplex beat analyst estimates for Q3, the decrease in earnings and sales compared to the same period last year could cause some concern among investors. This could lead to uncertainty in the market, potentially impacting the stock's price.
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