ODDITY Tech shares are trading lower after the company reported worse-than-expected Q4 EPS results and issued FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
ODDITY Tech's shares have declined following the announcement of disappointing Q4 earnings per share (EPS) results and the issuance of a fiscal year 2024 EPS guidance that fell below analysts' expectations.
March 05, 2024 | 10:06 pm
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NEGATIVE IMPACT
ODDITY Tech's stock price is likely to experience short-term downward pressure due to the reported lower-than-expected Q4 EPS results and disappointing FY24 EPS guidance.
Stock prices often react negatively to earnings reports that do not meet or exceed analyst expectations. ODDITY Tech's announcement of weaker-than-expected Q4 EPS results and lower FY24 guidance directly impacts investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100