ODDITY Tech Raises FY24 Net Revenue Outlook From $626M - $635M To $633M - $640M (Est $634.695M), Adjusted EPS From $1.57 - $1.62 To $1.71 - $1.76 (Est $1.40)
Portfolio Pulse from Benzinga Newsdesk
ODDITY Tech has raised its FY24 net revenue outlook from $626M-$635M to $633M-$640M, surpassing the estimated $634.695M. Additionally, the company has increased its adjusted EPS forecast from $1.57-$1.62 to $1.71-$1.76, well above the estimated $1.40.
August 07, 2024 | 9:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ODDITY Tech has raised its FY24 net revenue and adjusted EPS outlook, surpassing market estimates. This positive revision indicates strong business performance and could lead to a short-term increase in stock price.
The upward revision in both net revenue and adjusted EPS indicates strong business performance and financial health. Surpassing market estimates typically leads to positive investor sentiment and a potential short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100