Ulta Beauty Stock Drops After Worse-Than-Expected Q2 Results, Lower FY Guidance
Portfolio Pulse from Erica Kollmann
Ulta Beauty Inc. (NASDAQ:ULTA) reported disappointing Q2 results, missing earnings and sales estimates. The company also lowered its full-year guidance, leading to a 6.96% drop in after-hours trading.
August 29, 2024 | 8:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ulta Beauty reported Q2 earnings of $5.30 per share, missing estimates, and lowered its full-year guidance. This led to a 6.96% drop in after-hours trading.
Ulta Beauty's Q2 earnings and sales missed analyst expectations, and the company lowered its full-year guidance. This negative news directly impacted the stock price, causing a significant drop in after-hours trading.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100