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Shares in Ulta Salon Cosmetics & Fragrance Inc. jumped more than 10 percent, to $46.47, in early afternoon trading Friday on the New York Stock Exchange.
Late Thursday, the company reported that its fiscal fourth-quarter profit rose 49 percent and core results topped its upbeat expectations amid continued strength in same-store sales.
The company also forecast current-quarter earnings that beat the average estimate of analysts polled by Thomson Reuters
Ulta Salon Cosmetics & Fragrance Inc.’s fiscal fourth-quarter profit jumped 49 percent, and core results topped its upbeat expectations amid continued strength in same-store sales.
Shares edged up 0.9 percent, to $42.50, after hours as the company also forecast current-quarter earnings of 29 to 31 cents a share, topping the 27-cent average estimate of analysts polled by Thomson Reuters. The company predicted sales of $364 million to $370 million, compared to analysts’ $371 million. Get the full story »
