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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.