We recently published 10 Big Names Bleed Double Digits. Oddity Tech Ltd.’s 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 second-quarter earnings performance, suggesting that investors may have already priced in the news.
In its updated report, Oddity Tech Ltd. 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. 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.
