Ulta Salon meets Q4 profit expectations
Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (Nasdaq:ULTA) have become more attractive on news after the close on Wednesday that the beauty retailer met analysts’ fourth-quarter earnings projections. The Romeoville, Ill.-based small cap reported that net income for the thirteen weeks ended Feb. 2 was rose 40.8% to $13.6 million, or $0.23 per share, as expected by Wall Street, compared with $9.7 million, or $0.16 per share a year earlier.
“Our positive performance reflects the continued success of our high impact marketing, our value proposition and our store experience,” said CEO Lyn Kirby in a statement.
At 11:38 a.m. ET, the stock had advanced $1.20, or 10%, to $12.70.
“Our positive performance reflects the continued success of our high impact marketing, our value proposition and our store experience,” said CEO Lyn Kirby in a statement.
At 11:38 a.m. ET, the stock had advanced $1.20, or 10%, to $12.70.
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