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Ulta Beauty beats Wall Street's earnings expectations, despite fears of slowing demand

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The retailer hiked its full-year outlook slightly to reflect the better-than-expected results.

on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare.

For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion, compared with its previous guidance for $11 billion to $11.2 billion.Here's what the beauty retailer reported for the three-month period ended Nov.

Shares of the company have fallen, too. As of Thursday's close, Ulta's stock is down about 19% so far this year, trailing the S&P 500's approximately 28% gains during the same period. For the fiscal third quarter, the retailer reported net income of $242.2 million, or $5.14 per share, compared with $249.5 million, or $5.07 per share,Market FOMO? We go to the charts for attractive buy levels on 2 stocks we like

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