Ulta Beauty Reports Downbeat Results, Joins Elastic And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | August 30, 2024 08:29am

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Friday.

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) fell sharply in today's pre-market trading after the company reported weaker-than-expected results for its second quarter and cut its FY24 guidance.

Ulta Beauty reported quarterly earnings of $5.30 per share, which missed the analyst consensus estimate of $5.55 by 4.5%. Quarterly sales came in at $2.552 billion, missing the consensus estimate by 2.52%.

Ulta Beauty shares dipped 6.4% to $344.03 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

Elastic N.V. (NYSE:ESTC) shares fell 27.1% to $75.60 in pre-market trading after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI) shares dipped 6.9% to $2.70 in pre-market trading after gaining over 10% on Thursday. Autozi Internet Technology (Global) announced the closing of initial public offering.
Himalaya Shipping Ltd. (NASDAQ:HSHP) fell 3.5% to $7.49 in pre-market trading.
Dianthus Therapeutics, Inc. (NASDAQ:DNTH) fell 2.3% to $28.10 in pre-market trading.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) declined 2.2% to $2.71 in pre-market trading after jumping 26% on Thursday.
Nokia Oyj (NYSE:NOK) fell 2.2% to $4.38 in pre-market trading. Nokia shares gained 7% on Thursday following a report suggesting that Samsung has an interest in the company’s mobile networks assets.