Shares of Oddity Tech Ltd. (ODD) surged 20.94% in pre-market trading on Wednesday following the company's impressive first-quarter earnings report and raised full-year guidance. The online retailer of cosmetics and beauty products continues to outperform market expectations, demonstrating strong 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 the analysts' forecast 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 and has likely contributed to the stock's significant pre-market rally.