Ulta Beauty rises after beating Q1 profit estimates
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ReutersUlta Beauty rises after beating Q1 profit estimatesMay 30, 2024 at 10:18 pm GMTBUZZ-Ulta Beauty rises after beating Q1 profit estimates** Ulta Beauty’s ULTA.O shares rise 8% to $416.5 in after-hours buying and selling** Company beats market expectations for Q1 profit helped by demand for skincare, make-up and easing enter prices** On adj. foundation, posts EPS of $6.47, beating expectations of $6.24 in Q1; web gross sales rise 3.5% to $2.73 bln, barely above analysts’ est. of $2.72 bln – LSEG** ULTA sees annual per-share adj. earnings between $25.20 and $26, down from its earlier expectation of $26.20 to $27** Company forecasts annual web gross sales between $11.5 bln and $11.6 bln, vs prior expectations of $11.7 bln to $11.8 bln** Stock has fallen 21.3% YTD Reporting by Juby Babu in Mexico MetropolisDisclaimer: The XM Group entities present execution-only service and entry to our Online Trading Facility, allowing an individual to view and/or use the content material out there on or through the web site, isn’t supposed to alter or increase on this, nor does it change or increase on this. Such entry and use are all the time topic to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content material is due to this fact offered as not more than common info. Particularly, please bear in mind that the contents of our Online Trading Facility are neither a solicitation, nor a proposal to enter any transactions on the monetary markets. Trading on any monetary market entails a big degree of danger to your capital.All materials printed on our Online Trading Facility is meant for academic/informational functions solely, and doesn’t comprise – nor ought to it’s thought of as containing – monetary, funding tax or buying and selling recommendation and suggestions; or a file of our buying and selling costs; or a proposal of, or solicitation for, a transaction in any monetary devices; or unsolicited monetary promotions to you.Any third-party content material, in addition to content material ready by XM, akin to: opinions, information, analysis, analyses, costs and different info or hyperlinks to third-party websites contained on this web site are offered on an “as-is” foundation, as common market commentary, and don’t represent funding recommendation. To the extent that any content material is construed as funding analysis, it’s essential to observe and settle for that the content material was not supposed to and has not been ready in accordance with authorized necessities designed to advertise the independence of funding analysis and as such, it will be thought of as advertising and marketing communication underneath the related legal guidelines and rules. Please guarantee that you’ve learn and understood our Notification on Non-Independent Investment. Research and Risk Warning regarding the foregoing info, which might be accessed right here.
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https://www.xm.com/research/markets/allNews/reuters/ulta-beauty-rises-after-beating-q1-profit-estimates-53850556