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Ulta: Fiscal Q1 Earnings Snapshot

Associated Press Finance
·1 min read

BOLINGBROOK, Ill. (AP) — BOLINGBROOK, Ill. (AP) — Ulta Beauty Inc. (ULTA) on Thursday reported fiscal first-quarter earnings of $313.1 million.

The Bolingbrook, Illinois-based company said it had net income of $6.47 per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $6.19 per share.

The beauty products retailer posted revenue of $2.73 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $2.72 billion.

Ulta expects full-year earnings to be $25.20 to $26 per share, with revenue in the range of $11.5 billion to $11.6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULTA at https://www.zacks.com/ap/ULTA