Ulta Beauty Inc ULTA shares were falling in Thursday's after-hours session after the beauty retailer reported a second-quarter earnings miss and cut its full-year guidance. 

Earnings came in at $2.76, missing estimates by 4 cents. Sales came in at $1.67 billion, missing estimates by $10 million.

The company lowered its fiscal year 2019 earnings guidance from a range of $12.83-$13.03 per share to $11.86-$12.06.

"Looking forward, we have updated our fiscal 2019 outlook to reflect the headwinds we are currently seeing in the U.S. cosmetics market," CEO Mary Dillon said in a statement.

"We remain confident that our guest-centric, differentiated business model will drive continued market share gains and strong returns for our shareholders over the long term."

Ulta shares were plunging by 17.62% to $277.99 at the time of publication.