Beat And Raise: Ulta Beauty Stock Gets A Boost From Q2 Earnings
Portfolio Pulse from Adam Eckert
Ulta Beauty Inc reported Q2 revenue of $2.53 billion, a 10.1% YoY increase, beating the consensus estimate of $2.51 billion. The company also reported quarterly earnings of $6.02 per share, surpassing analyst estimates of $5.85 per share. Ulta raised its full-year 2023 revenue and adjusted earnings guidance. The company's shares were up 2.43% after hours.
August 24, 2023 | 8:40 pm
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Ulta Beauty reported strong Q2 results, beating estimates and raising its full-year guidance. This positive news led to a 2.43% increase in the company's shares after hours.
Ulta Beauty's strong Q2 results and raised full-year guidance indicate a positive outlook for the company, which is likely to attract investors and drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100