Investing.com - Ulta Beauty (NASDAQ:ULTA) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ulta Beauty announced earnings per share of $3.83 on revenue of $2.31B. Analysts polled by Investing.com anticipated EPS of $3.73 on revenue of $2.3B. That with comparison to EPS of $3.61 on revenue of $2.12B in the same period a year before. Ulta Beauty had reported EPS of $2.25 on revenue of $1.68B in the previous quarter. Analysts are expecting EPS of $3.38 and revenue of $1.88B in the upcoming quarter.
Ulta Beauty shares are down 22.56% from the beginning of the year , still down 46.85% from its 52 week high of $368.83 set on July 17, 2019. They are under-performing the Nasdaq which is down 20.33% year to date.
Ulta Beauty shares gained 6.61% in after-hours trade following the report.
Ulta Beauty follows other major Services sector earnings this month
Ulta Beauty's report follows an earnings beat by Alibaba ADR on February 13, who reported EPS of $18.19 on revenue of $161.46B, compared to forecasts EPS of $15.91 on revenue of $159.7B.
Walmart had missed expectations on February 18 with fourth quarter EPS of $1.38 on revenue of $141.67B, compared to forecast for EPS of $1.44 on revenue of $142.54B.
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