Premarket Movers | Nio up 2%, Alibaba up 1%, Li Auto down 3%; Ulta beauty Dips 8%; Fertilizer Stocks Rise, CF Industries up 3%

Tiger Newspress03-13 16:25

ulta beauty fell 8% in premarket trading on Friday after the cosmetics retailer offered guidance for the current year that was toward the low end of Wall Street’s expectations.

Comparable sales, which measures revenue from online and stores that have been open for at least a year, is expected to rise in a range of 2.5% to 3.5% this year, according to the company’s statement, compared with the 3.5% average of analyst estimates. The top range for earnings per share is also only slightly higher than the average of estimates.

Chinese ETFs and ADRs mixed in premarket trading on Friday.

Nio up 2%; Bilibili, Alibaba up 1%; Li Auto down 3%; WeRide down 2%.

Fertilizer stocks rose in premarket trading on Friday. CF Industries up 3%; Nutrien, Mosaic up 2%.

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