Oddity Tech jumps after it lifts Q2 profit forecast

Oddity Tech

07/06/2024 13:25

** Shares of Israel-based online cosmetics retailer Oddity
Tech  ODD.O  jump 8.8% to $40 premarket
    ** Co lifts Q2 adjusted EPS forecast from $0.56 to $0.69 
    ** Board also approves a share buyback program authorizing
the repurchasing on the open market of a maximum of $150 million
of its Class A Ordinary Shares
    ** YTD, stock is down 21%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))