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ULTA Stock Shoots Higher on Prettier-Than-Expected Sales

It also offered guidance for current quarter results


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

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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

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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%.

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