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Ulta Beauty Sinks

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Ulta Beauty Sinks

Ulta Beauty Sinks

Ulta Beauty reported third-quarter earnings that exceeded expectations, however guidance was light.

Following the results, shares fell more than 6%.

On late Thursday the cosmetics retailer Ulta Beauty fell as much as 7.05% to $272.27.The stock has been rallying since August 30 — up 18.8% — when Kylie Jenner announced she would sell her cosmetic brand in Ulta Beauty stores during the holiday shopping season.

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Ulta Beauty Sinks

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