Shares of Oddity Tech Ltd. (ODD) are soaring 21.36% in Wednesday's trading session, following the company's impressive first-quarter earnings report and raised full-year guidance. The online retailer of cosmetics and beauty products, known for its IL MAKIAGE and SpoiledChild brands, continues to outperform market expectations, demonstrating robust growth and financial performance.

Oddity Tech reported adjusted earnings of $0.69 per share for the quarter ended March 31, significantly beating the FactSet consensus estimate of $0.62. This represents a 13.1% increase from the $0.61 per share reported in the same quarter last year. Revenue also exceeded expectations, coming in at $268.1 million, up 26.7% year-over-year and surpassing analysts' forecasts of $260.69 million.

In light of its strong performance, Oddity Tech raised its full-year 2025 outlook. The company now expects adjusted earnings per share between $1.99 and $2.04, up from the previous guidance of $1.94 to $1.98. Annual revenue projections were also increased to a range of $790 million to $798 million, compared to the earlier forecast of $776 million to $785 million. This upward revision in guidance signals management's confidence in the company's growth trajectory, despite potential tariff and trade-related headwinds, which the company expects to be "manageable and largely offset by cost efficiencies." The stock's surge puts it on track for its best single-day performance since June 2024 and a potential new all-time high.