Oddity Tech Swings to Q1 Adjusted Loss, Net Revenue Declines
MT Newswires Live
Jun 02
Oddity Tech (ODD) reported a Q1 adjusted loss Tuesday of $0.17 per diluted share, swinging from adjusted earnings of $0.69 a year earlier.
Analysts polled by FactSet expected an adjusted loss of $0.03.
Net revenue for the quarter ended March 31 was $197.9 million, compared with $268.1 million a year earlier.
Analysts polled by FactSet expected $187.9 million.
The company expects Q2 net revenue to decline by 25% to 30% year on year. Analysts polled by FactSet expect $192.3 million.
Shares of Oddity Tech were down more than 21% in premarket activity Tuesday.
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