While Snap Inc’s (NYSE: SNAP) ad manager data suggests some pressure on users, the data on CPMs (cost per thousand) remains robust and DAU (daily average user) data is trending broadly in line with expectations, according to BofA Securities.
Ulta Beauty, Inc. (NASDAQ: ULTA) stock closed more than 5% higher Friday after the beauty retailer posted a first-quarter beat and raise, with $1.9 billion in net sales — up 65.2% from $1.2 billion one year earlier and beating the $1.64-billion Street estimate.