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Ulta: Fiscal 2Q Earnings Snapshot

BOLINGBROOK, Ill. (AP) _ Ulta Beauty Inc. (ULTA) on Thursday reported fiscal second-quarter profit of $161.3 million.

On a per-share basis, the Bolingbrook, Illinois-based company said it had profit of $2.76.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.

The beauty products retailer posted revenue of $1.67 billion in the period, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $1.68 billion.

Ulta expects full-year earnings to be $11.86 to $12.06 per share.

Ulta shares have increased 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $338.92, a rise of 40% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULTA at https://www.zacks.com/ap/ULTA