Ulta Beauty Delivers Strong Quarter, Investors Brush Off The Glow
1. Ulta's Q2 revenue of $2.79 billion surpassed estimates of $2.67 billion. 2. Earnings per share reached $5.78, above the expected $4.97. 3. Full-year revenue guidance raised to $12-12.1 billion, up from $11.5-11.7 billion. 4. Goldman Sachs and JPMorgan raised their price forecasts for ULTA shares. 5. Stock dropped 6.44% despite positive earnings results and outlooks.