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Evolus Soars on Unexpected Profit

Boosts annual forecast

Shares of Evolus Inc. (Nasdaq: EOLS) soared 14% in after-hours trading after the Newport Beach-based aesthetics company reported its first-ever operating profit, two quarters ahead of schedule.

The shares climbed to $14.20 after closing the day at $12.42 and a $788 million market cap.

Second-quarter sales increased 36% to $66.9 million, above the $65.8 million expected by analysts. The company boosted its full-year revenue to $260 million to $270 million, up $5 million from a prior forecast and above the analyst estimate of $263 million.

The company also said it had non-GAAP operating income of $1.1 million when analysts projected a $2.6 million loss.

“We are thrilled to have achieved quarterly profitability for the first time, driven by record revenue, demonstrating our continued strong execution and unwavering commitment to building a leadership position in the performance beauty industry,” Chief Executive David Moatazedi said in a statement.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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