TEL AVIV-JAFFA, Israel (AP) — TEL AVIV-JAFFA, Israel (AP) — Oddity Tech Ltd. (ODD) on Tuesday reported a loss of $21.4 million in its first quarter.
The Tel aviv-Jaffa, Israel-based company said it had a loss of 38 cents per share. Losses, adjusted for one-time gains and costs, were 17 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The online retailer of cosmetics and beauty products posted revenue of $197.9 million in the period.
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