Ulta Beauty Stock Falls 7%

(RTTNews) - Shares of Ulta Beauty, Inc. (ULTA) are moving down about 7 percent on Friday morning trading, which could be influenced by the company's fourth-quarter financial results announced yesterday. The company's earnings declined to $356.67 million, or $8.01 per share, compared to $393.27 million, or $8.46 per share, last year.

The company's stock is currently trading at $575.40, down 7.92 percent or $49.48, over the previous close of $652.65 on the Nasdaq. It has traded between $323.37 and $714.97 in the past one year.

However, the company's revenue for the period rose 11.8% to $3.89 billion from $3.48 billion last year.