Ulta Reports Strong Fourth Quarter, Stock Falls On Poor Q1 Guidance
While Ulta Beauty ended 2012 with a big finish, the company’s stock fell 14.23% percent to $74.14 at the close of trading Friday. Analyst reaction to news that Ulta is forecasting earnings of $.60-$.63 on sales of $568 million to $577 million for its first quarter, below the $.72 a share on earnings of $580 million, sent the stock downward.
BY Aubree Mercure | PUBLISHED March 15, 2013
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