Oddity Tech Raises FY23 EPS From $1.11-$1.17 To $1.21-$1.23 Vs $1.19 Est.; Revenue From $475M-$480M To $493M-$497M Vs $486.07M Est.
Portfolio Pulse from Benzinga Newsdesk
Oddity Tech has raised its FY23 EPS from $1.11-$1.17 to $1.21-$1.23, and revenue from $475M-$480M to $493M-$497M. This is due to strong Q3 results, leading to higher revenue, profit margins, and earnings than previously expected. The company now expects year-over-year growth between 52% and 53%, gross margins of approximately 70.0%, and adjusted EBITDA between $104 million and $105 million.
November 08, 2023 | 1:37 am
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Oddity Tech has raised its FY23 EPS and revenue forecasts due to strong Q3 results. This could lead to increased investor confidence and a potential rise in stock price.
Oddity Tech's raised forecasts indicate strong financial performance and future growth. This positive news is likely to increase investor confidence and demand for the stock, potentially leading to a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100