Tiger Brokers

Oddity Tech Q4 Adjusted Earnings Flat, Revenue Increases; Q1 Revenue Guidance Issued

MT Newswires Live
Feb 25

Oddity Tech (ODD) reported Q4 adjusted earnings Wednesday of $0.20 per diluted share, the same as a year earlier.

Analysts polled by FactSet expected $0.14.

Revenue for the quarter ended Dec. 31 was $152.7 million, up from $123.6 million a year earlier.

Analysts surveyed by FactSet expected $151.1 million.

For Q1, chief financial officer Lindsay Drucker Mann said it expects revenue to decline around 30% year-over year because of "the dislocation we are experiencing in acquisition costs."

The company also said $103 million in share buybacks remain from its previously announced $150 million repurchase authorization, which is set to expire next year.

Shares of the company were down more than 39% in recent Wednesday premarket activity.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10