ULTA Stock Shoots Higher on Prettier-Than-Expected Sales

by Christopher Freeburn | March 14, 2014 10:01 am

ULTA Stock Shoots Higher on Prettier-Than-Expected Sales

On Thursday, Ulta Salon Cosmetics & Fragrance (ULTA[1]) reported better-than-expected quarterly earnings and revenue[2]. Investors liked the news, sending ULTA stock up more than 8% in Friday morning trading.

ulta 630 300x187 ULTA Stock Shoots Higher on Prettier Than Expected Sales[3]
Source: Flickr[4]

ULTA stock gained after the company posted a EPS of 1.09 for the fourth-quarter. Wall Street had forecast earnings of $1.07 per share of ULTA stock. Revenue for the quarter was $868.1 million, well above the $855.1 million that analysts had predicted, MarketWatch notes

The company said it anticipates first-quarter revenue of between $693 million and $704 million. Analysts are looking for revenue of $696 million during the first quarter. ULTA forecast first-quarter earnings of between 70 cents and 75 cents a share, lower than the 80 cents per share that analysts had estimated.

ULTA stock closed at $89.51 per share on Thursday. Over the past year, ULTA stock has gained about 1%.

Endnotes:
  1. ULTA: http://studio-5.financialcontent.com/investplace/quote?Symbol=ULTA
  2. quarterly earnings and revenue: http://www.marketwatch.com/story/ulta-shares-surge-after-earnings-report-2014-03-13
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/06/ulta-630.jpg
  4. Flickr: http://www.flickr.com/photos/10542402@N06/

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