Ulta Beauty shares are trading following better-than-expected Q1 earnings. The stock fell after hours Thursday on a FY24 guidance cut but has since reversed.
Portfolio Pulse from Benzinga Newsdesk
Ulta Beauty shares are trading following better-than-expected Q1 earnings. The stock initially fell after hours Thursday due to a FY24 guidance cut but has since reversed.
May 31, 2024 | 11:50 am
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Ulta Beauty reported better-than-expected Q1 earnings, causing its stock to trade actively. Despite an initial drop due to a FY24 guidance cut, the stock has since reversed.
The better-than-expected Q1 earnings are a positive indicator for Ulta Beauty, which initially saw a drop in stock price due to a FY24 guidance cut. However, the stock has since reversed, indicating investor confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100