Olaplex Holdings shares are trading higher after the company reported better-than-expected Q1 revenue results and issued FY24 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Olaplex Holdings' shares surged following the announcement of Q1 revenue results that exceeded expectations, along with the issuance of optimistic revenue guidance for FY24.
May 02, 2024 | 4:23 pm
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Olaplex Holdings reported better-than-expected Q1 revenue results and provided positive revenue guidance for FY24, leading to a surge in its stock price.
The positive earnings report and future revenue guidance directly impact investor sentiment and the stock's valuation, leading to a likely increase in Olaplex Holdings' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100