Olaplex Hldgs Q4 Adj EPS $0.03, Inline, Sales $111.72M Beat $108.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olaplex Holdings (OLPX) reported Q4 adjusted earnings of $0.03 per share, meeting analyst estimates, but marking a 57.14% decrease from the previous year. Quarterly sales were $111.72M, exceeding estimates by 2.70% but showing a 14.54% decrease year-over-year.
February 29, 2024 | 11:46 am
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Olaplex Holdings reported Q4 adjusted EPS of $0.03, meeting expectations but down 57.14% YOY. Sales reached $111.72M, surpassing estimates but showing a 14.54% YOY decline.
While OLPX met its Q4 earnings per share estimates, the significant year-over-year decrease in both earnings and sales could signal concerns about growth, potentially leading to neutral short-term stock price movement as the market digests both the positive and negative aspects of the report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100