Ulta Beauty (ULTA) soars after earnings. Shoppers are loving this category, notes Sucharita Kodali. She and Kevin Green discuss ULTA’s earnings. Kodali mentions that ULTA’s biggest risk long-term is more competition. ULTA’s 3Q adjusted EPS came in at $5.07 versus an estimated $4.96 and revenue came in at $2.49B versus an estimated $2.47B. They talk about how ULTA raised their lower end of FY sales and profit guidance. Green highlights that the commentary on consumer strength instills confidence that demand has remained resilient within the industry. They then go over how ULTA compares to its peers. Tune in to find out more about the stock market today.