Ulta shares weaken as outlook offsets earnings beat
Ulta Salon Cosmetics & Fragrance Inc. shares weakened in the extended session Thursday after the beauty-products retailer's third-quarter outlook offset a solid earnings beat in the second quarter. Ulta shares, which dropped by as much as 4% after hours, were last down 1% at $268.74. The company forecast third-quarter earnings of $1.25 to $1.30 a share on revenue of $1.07 billion to $1.09 billion. Analysts surveyed by FactSet expect earnings of $1.30 a share on revenue of $1.08 billion. For the second quarter, Ulta reported earnings of $1.43 on revenue of $1.07 billion. Analysts had estimated $1.40 a share on revenue of $1.06 billion.
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