Oddity Tech (ODD) Slashes 22% on Profit-Taking

We recently published 10 Big Names Bleed Double Digits. Oddity Tech Ltd.’s (NASDAQ:ODD) is one of the worst-performing stocks on Tuesday.

Oddity Tech fell by 22.04 percent on Tuesday to close at $57.72 apiece as investors appeared to have taken profits to take advantage of last week’s gains.

The decline followed the official release of Oddity Tech Ltd.’s (NASDAQ:ODD) second-quarter earnings performance, suggesting that investors may have already priced in the news.

In its updated report, Oddity Tech Ltd. (NASDAQ:ODD) said that net income increased by 8 percent to $49.28 million from $45.49 million in the same period last year.

Net revenues increased by 25 percent to $241 million from $192.77 million year-on-year.

In the first half, net income increased by 11 percent to $87 million from $78 million, while revenues grew by 26 percent to $509 million from $404 million.

Encouraged by the strong results, Oddity Tech Ltd. (NASDAQ:ODD) raised its revenue growth outlook for full-year 2025 to $799 million to $804 million from the $790 million to $798 million as previously guided.

Copyright: robertprzybysz / 123RF Stock Photo

For the third quarter alone, the company said revenues were targeted to hit $144 million to $146 million.