Ulta Beauty Reports Downbeat Results, Impacting Pre-Market Trends

Friday, 30 August 2024, 05:29

Pre-Market Outlook reveals that Ulta Beauty reported disappointing earnings this quarter. With earnings per share at $5.30, it fell short of expectations, contributing to a downward trend in the market alongside other major stocks like Elastic. Market analysts are closely monitoring these developments to assess the potential impact.
Benzinga
Ulta Beauty Reports Downbeat Results, Impacting Pre-Market Trends

Ulta Beauty's Earnings Report

Ulta Beauty has reported a disappointing earnings report this quarter, with earnings per share of $5.30. This result was below the analyst consensus estimate of $5.55, marking a 4.5% miss. Furthermore, the quarterly sales totaled $2.552 billion, falling short of the predicted figures as well.

Market Reactions

In addition to Ulta Beauty, other stocks such as Elastic and DNTH are also seeing a decline in their pre-market trading.

  • Stocks impacted: AZI, DNTH, EOSE, ESTC, HNSP, NOK, ULTA
  • Market trends indicate significant downward movement.

Looking Ahead

As investors digest these results, it will be crucial to monitor how these earnings reports affect broader market indices.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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