What's Going On With Oddity Tech Stock Wednesday?

ODDITY Tech Ltd. ODD shares are moving higher Wednesday after the company reported better-than-expected first-quarter earnings Tuesday after the market close.

What To Know: The consumer tech platform company reported first-quarter adjusted earnings per share of 69 cents, beating analyst estimates of 62 cents. In addition, Oddity reported first-quarter sales of $268.08 million, beating analyst estimates of $260.69 million and representing a 27% year-over-year increase.

Outlook: The company raised its guidance its for the 2025 fiscal year. Oddity now anticipates adjusted earnings per share of $1.99 to $2.04, versus analyst estimates of $1.93. The company previously guided for adjusted earnings per share of $1.94 to $1.98, according to Benzinga Pro.

Oddity also raised its sales guidance from between $776 million to $785 million to a new range between $790 million and $798 million, versus analyst estimates of $784.1 million.

For the second quarter, the company sees adjusted earnings per share of 85 cents to 89 cents, versus analyst estimates of 84 cents. Oddity sees second-quarter sales of $235 million to $239 million, versus analyst estimates of $232.54 million.

“Our early and aggressive investments in this transformation allow us to sustain a powerful financial model, to beat our guidance, and to once again raise our full year outlook as we have done in the past 8 quarters since our IPO,” said Oran Holtzman, Oddity co-founder and CEO.

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ODD Price Action: At the time of writing, Oddity shares were up 26.3% at $59.96, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.