5 Stocks Making Noise After Posting Their Financial Results

In this article, we discuss the 5 stocks making noise after posting their financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Noise After Posting Their Financial Results.

5. Ulta Beauty, Inc. (NASDAQ:ULTA)

Number of Hedge Fund Holders: 42

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) rose more than five percent in the after-hours trading session on Thursday, 2 December 2021, after announcing solid profit and sales for its fiscal third quarter.

The beauty stores operator earned $3.94 per share in the quarter, well above $1.32 per share in the comparable period of 2020. Revenue for the quarter jumped 29 percent on a year-over-year basis to $2 billion. Analysts were expecting Ulta Beauty, Inc. (NASDAQ:ULTA) to post earnings of $2.48 per share on revenue of $1.89 billion.

The company also lifted the financial outlook for its fiscal year 2021. Ulta Beauty, Inc. (NASDAQ:ULTA) now expects earnings in the range of $16.70 – $17.10 per share and revenue between $8.5 – $8.6 billion for the full year. Previously, it was looking for earnings of $14.50 – $14.70 per share and revenue between $8.1 – $8.3 billion.

Speaking on the results, CEO of Ulta Beauty, Inc. (NASDAQ:ULTA), Dave Kimbell, said in a statement:

“The Ulta Beauty team delivered outstanding results again this quarter. For the third quarter, we delivered record sales and earnings, increased our market share, and expanded our Ultamate Rewards loyalty program to nearly 36 million members.”