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Q3 Results For Specialty Retail Continue

By Zacks Investment ResearchStock MarketsNov 30, 2017 06:12AM ET
www.investing.com/analysis/q3-results-for-specialty-retail-continue-200269649
Q3 Results For Specialty Retail Continue
By Zacks Investment Research   |  Nov 30, 2017 06:12AM ET
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Ulta Beauty (NASDAQ:ULTA) posted mixed Q3 earnings and forecast after the closing bell today, and stocks are down in late trading on the news. Earnings of $1.70 per share beat the Zacks consensus by 3 cents, while revenues of $1.34 billion were exactly in-line with expectations. Ecommerce was up 62% year over year, and guidance for Q2 has been raised from our $1.92 billion consensus, but shares are selling off in the after-hours based on lowered guidance for Q4 earnings. For more on ULTA's quarterly results, click here.

VMware (NYSE:VMW) also topped expectations after market close, putting up $1.34 per share, when the consensus was for $1.27. Revenues of $1.98 billion narrowly edged out the $1.96 billion Zacks analysts were looking for. Sales rose 11% year over year. The company did not provide guidance for next quarter nor fiscal year. For more on VMW's earnings, click here.

Cloud services firm Nutanix (NASDAQ:NTNX) reported better-than-expected results for its fiscal Q1 2018, posting a bottom-line loss of 16 cents per share on $275.6 million in sales for the quarter, up 46% year over year. These numbers beat the -26 cents and $266.7 million in the Zacks consensus estimates. The company expects fiscal Q2 revenues to be in-line with estimates ($280-285 million), but a narrower loss per share -- -20 cents to -22 cents, as opposed to the consensus -25 cents. For more on NTNX's quarterly results, click here.

Even though specialty retailer Zumiez (NASDAQ:ZUMZ) outperformed on the top line and met the bottom line estimate after today's bell, shares are selling off in late trading. 48 cents per share equaled the Zacks consensus, and $245.8 million in quarterly sales, up 11%, edged out the $242.9 million expected. ZUMZ is trading down 3% in the late market, however, after cruising up 17% in the last 5 trading days. For more on ZUMZ's earnings, click here.

Finally, Five Below (NASDAQ:FIVE) beat on both top and bottom lines in its most recent quarter, on the strength of 29% growth in sales year over year. The company posted a 5-cent beat on the bottom line to 18 cents per share, on $257 million in sales that far outperformed the expected $245 million. The maker of fidget spinners also raised guidance for both earnings and revenues for next quarter and next year. For more on FIVE's earnings, click here.

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Nutanix Inc. (NTNX): Free Stock Analysis Report

Vmware, Inc. (VMW): Free Stock Analysis Report

Zumiez Inc. (ZUMZ): Free Stock Analysis Report

Ulta Beauty Inc. (ULTA): Free Stock Analysis Report

Five Below, Inc. (FIVE): Free Stock Analysis Report

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Zacks Investment Research

Q3 Results For Specialty Retail Continue
 

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Q3 Results For Specialty Retail Continue

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