The retail sector took center stage last week with a bevy of earnings reports, and reactions were mixed, even though most companies beat estimates and raised outlooks. One prime example was Ulta Beauty Inc. (NASDAQ: ULTA).
This $23 billion cosmetics colossus reported earnings after the market closed on Aug. 27. Healthy results across the board weren't enough to wow the market, and the stock sold off following the release before paring those losses over the next two sessions.
