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Stock impact report

Why Waldencast Stock Is Skyrocketing Today [Yahoo! Finance]

Waldencast plc - Class A Ordinary Share (WALD) 
Company Research Source: Yahoo! Finance
ET, according to data from S&P Global Market Intelligence . Shares had been up as much as 63.4% earlier in the day's trading. Waldencast published second-quarter results after the market closed yesterday, reporting sales that crushed expectations. Management also indicated that performance should continue to improve in this year's second half. Waldencast reports strong momentum in Q2 Waldencast posted $63.3 million in sales in the second quarter -- up 28.2% year over year. Meanwhile, the average analyst estimate had targeted sales of $58.3 million for the period. The company's net loss in Q2 also narrowed to $9 million, down from a loss of $23.5 million in last year's quarter. Waldencast, which is best known for its Milk Makeup and Obagi Medical brands, is seeing its revenue growth accelerate. After adjusting for the decoupling of its former Obagi Medical China Business Sales, comparable revenue increased 25.7% year over year in the second quarter. This was up from comparable Show less Read more
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