Ulta Beauty Inc. ULTA, -5.73% shares declined in after-hours trading Thursday following an earnings report that predicted weaker holiday results than analysts expected. The cosmetics retailer reported fiscal third-quarter earnings of $131.2 million, or $2.18 a share, up from $1.70 a share a year ago and ahead of analysts’ average estimate of $2.16 a share, according to FactSet. Ulta reported revenue of $1.56 billion, up from $1.34 billion a year ago and in-line with the average analyst forecast of $1.56 billion. Ulta’s forecast for the fourth quarter came up short of expectations, though. The company predicted earnings of $3.50 to $3.55 a share, while analysts on average expected $3.62 a share, and revenue of $2.09 billion to $2.1 billion, short of expectations of $2.12 billion. Ulta shares slid more than 6% in late action following the report’s release, cutting into year-to-date gains of 31%. The S&P 500 index SPX, -0.15% has gained 1% so far this year.
Ulta Beauty Inc. shares fell $16.77 (-5.73%) in after-hours trading Thursday. Year-to-date, ULTA has gained 30.97%, versus a 2.44% rise in the benchmark S&P 500 index during the same period.
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