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Betterthanexpected Tag

9 Aug

Oddity Raises Outlook on Higher-than-expected Q2 Results – WWD

Newly public Oddity Tech, the parent company of Il Makiage and SpoiledChild, has had one other success. After a better-than-expected public debut last month, the corporate just announced that it surpassed forecasts for the second quarter ended June 30, allowing it to boost its full-year outlook. Net revenue got here in at $151.3 million, up from $97.7 million a yr earlier and $11.8 million above estimates. Net income, meanwhile, was $30 million, compared with $16.6 million in the identical period a yr prior. On an adjusted basis, it was $32.3 million. Adjusted diluted earnings per share was 56 cents, up from 33 cents a yr earlier. “We delivered our strongest second quarter and year-to-date financial results ever, beating our plan on revenue and...
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