PRE-MARKET MOVERS: Ulta Beauty loses its appeal but Lululemon Athletica jumps higher

A look at some of the notable stock movers before the bell in New York
Ulta Beauty Inc saw shares drop before the bell

US stocks are seen starting higher but in New York pre-market deals, a notable laggard was Ulta Beauty Inc (NASDAQ:ULTA).

The beauty store chain is down 4.82% to US$235 a share before the bell, despite its first quarter results beating analyst expectations on top and bottom lines.

The group posted a 17.4% increase in net sales for the three months year-over-year, while e-commerce sales also surged 48% year-over-year.

But the market homed in on weak second quarter outlook.

Elsewhere, Lululemon Athletica Inc (NASDAQ:LULU), the Canadian clothing group, saw shares gain 6.77% to US$112.16 after it unveiled first quarter earnings and revenue that smashed through Wall Street expectations.

The company posted EPS(earnings per share) of 55 cents on revenue of US$650mln.

Analysts had penciled in EPS of 46 cents on revenue of US$618mln.

Elsewhere, in pre-market Costco Wholesale Corp (NASDAQ:COST) shares are down 1.91% to US$194.45, despite that the group beating expectations on third quarter earnings and revenue.

Costco reported a 7% rise in same store sales and a 14% jump in e-commerce, according Thomson Reuters.

Costco said it earned US$750mln, or US$1.70 a share, in the quarter, compared with US$700mln, or US$1.59 a share, in the year-ago period, while revenue added 12% to US$31.62bn, from US$28.22bn a year ago. Analysts had expected earnings of US$1.69 a share on sales of US$31.90bn.

Sticking with retailers, Big Lots Inc (NYSE:BIG) shares eased over 9% to US$37.15 as it released a profit for second quarter that dropped from last year.

The figure for the three months came in at US$31.24 million, or US$0.74 per share, compared to US$51.51 million, or $1.15 per share, in last year's second quarter.

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