09:57 AM EDT, 08/06/2024 (MT Newswires) -- Olaplex Holdings' ( OLPX ) shares jumped more than 10% in recent Tuesday trading after the company posted Q2 financial results in line with expectations.

Olaplex ( OLPX ) reported Q2 adjusted earnings of $0.03 per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $0.03.

Net sales for the quarter ended June 30 were $103.9 million, down from $109.2 million a year ago.

Analysts surveyed by Capital IQ expected $103.6 million.

The company said it continues to expect 2024 net sales of $435 million to $463 million. Analysts polled by Capital IQ are expecting $451.1 million.

Price: 2.04, Change: +0.19, Percent Change: +10.27