Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears

The retailer fended off fears of heightened competition with rivals and cooling demand for makeup and skincare items.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.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyand cut its full-year outlook in August after a drop in same-store sales. It marked the first time that the retailer

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Ulta Beauty beats Wall Street's earnings expectations, despite fears of slowing demandThe retailer hiked its full-year outlook slightly to reflect the better-than-expected results.
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Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and moreThese are the stocks posting the largest moves in premarket trading.
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Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and moreThese are the stocks posting the largest moves in midday trading.
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