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Ulta Beauty Lifts FY21 Outlook, Shares Up 5%

Beauty retailer Ulta Beauty Inc. (ULTA) on Thursday raised its outlook for fiscal year 2021. Shares gained near 5% in the extended trading session.

The company now expects earnings per share of $14.50 to $14.70 and revenues of $8.1 billion to $8.3 billion. Analysts polled by Thomson Reuters expect the company to report earnings of $12.28 per share on revenues of $7.88 billion in fiscal 2021.

Previously, the company expected earnings of $11.50 to $11.95 per share for full year 2021 and net sales between $7.7 billion and $7.8 billion.

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