Ulta Beauty shares are trading lower after the company reported Q1 financial results. The company raised its FY23 revenue guidance, but it's still below the consensus estimate.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty reported Q1 financial results, leading to a decline in its share price. The company raised its FY23 revenue guidance, but it remains below the consensus estimate.
May 26, 2023 | 12:19 pm
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Ulta Beauty's Q1 financial results led to a decline in its share price. The company raised its FY23 revenue guidance, but it's still below the consensus estimate.
Ulta Beauty's share price is trading lower due to the Q1 financial results. Although the company raised its FY23 revenue guidance, it is still below the consensus estimate, which may negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100