The Dow Jones Industrial Average (^DJI) closed 330 points, or 0.86%, lower, while the Nasdaq Composite (^IXIC) saw an even greater decline of 1.08%, amounting to a loss of 183 points. The S&P 500 (^GSPC) also declined by 0.60%. Dell Technologies (DELL) stock tumbled in Thursday's after-hours trading even though the computer company beat earnings expectations for its first quarter. After the market closed, shares of Zscaler (ZS) began taking off on the cloud security provider's fiscal third quarter results, while Ulta Beauty (ULTA) also continued to climb after its first quarter earnings beat expectations. For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino
While the top- and bottom-line numbers for Ulta (ULTA) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ulta (ULTA) delivered earnings and revenue surprises of 4.52% and 0.37%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?