ULTA stock tanked more than 20% in Friday’s trading session after Ulta Beauty Inc (NASDAQ:ULTA) missed Q2 earnings estimates. The company also lowered its FY2019 guidance in line with expected industry-wide sales headwinds.
Q2 Earnings ResultsThe company, which sells cosmetics, hair, and skincare products, reported a 12% increase in Q2 sales to $1.7 billion. This was in line with expectations relative to the $1.5 billion sales that were reported in the same quarter last year. The company earned $161.3 million or $2.76 per share compared to the second quarter of last year when it earned ...
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