Palo Alto Jumps, Ulta Beauty Mixed, Gitlab Cuts Workforce

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Palo Alto Networks (PANW) shares are up 13% in extended trading, after the security software company reported third-quarter results that beat expectations and raised its full-year forecast for key metrics.

- Ulta Beauty (ULTA) shares are up 4.9% in extended trading after the retailer raised its earnings per share forecast for the full year. Ulta said sales at stores open at least a year increased 5.3%, above the 4.7% that analysts were expecting. Not only did transactions increase 1.6%, but the average purchase size rose 3.7%.

- GitLab is cutting about about 350 roles, or about 14% of its workforce and exiting 22 countries as part of a restructuring aimed at streamlining operations and sharpening execution.

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