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Ulta Loses Shine Post-Earnings; Analysts Bullish

Ulta Beauty shares got tarnished after its Q3 outlook fell short of views.

NANCY GONDO
04:33 PM ET 08/26/2016

One day after Silicon Motion Technology (SIMO) exited Sector Leaders following a heavy-volume breach of its 50-day moving average, Ulta Beauty (ULTA) was looking precarious. The beauty store operator late Thursday reported Q2 earnings of $1.43 a share, up 24% from the prior year and 4 cents over views. Revenue rose 22% to $1.069 billion, topping forecasts for $1.06 billion.…

Ulta Loses Shine Post-Earnings; Analysts Bullish

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