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Update: ODDITY Tech Q4 Adjusted Earnings, Revenue Rise; Full-Year EPS Guidance Misses Forecast; Shares Sink Premarket
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Update: ODDITY Tech Q4 Adjusted Earnings, Revenue Rise; Full-Year EPS Guidance Misses Forecast; Shares Sink Premarket
Mar 6, 2024 3:38 AM

06:02 AM EST, 03/06/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

ODDITY Tech ( ODD ) shares dived 9.4% in premarket activity on Wednesday after the company's full-year 2024 earnings guidance missed market expectations.

The company reported Q4 adjusted earnings late Tuesday of $0.17 per diluted share, up from $0.01 a year earlier.

Analysts polled by Capital IQ expected $0.12.

Net revenue for the quarter that ended Dec. 31 was $97.25 million, up from $67.50 million a year earlier.

Analysts surveyed by Capital IQ expected $85.51 million.

The company said it expects adjusted EPS of $0.47 and $0.50 for Q1 and $1.49 and $1.54 for full-year 2024. Analysts surveyed by Capital IQ expect $0.48 and $1.59, respectively.

The company expects revenue of $204 million to $207 million for Q1 and $620 million to $630 million for the full year. Analysts expect $200 million and $593.5 million, respectively.

Price: 41.6, Change: -4.29, Percent Change: -9.35

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