U.S. Markets closed

Ulta tops Street 4Q forecasts

BOLINGBROOK, Ill. (AP) _ Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) on Thursday reported fiscal fourth-quarter earnings of $140.2 million.

On a per-share basis, the Bolingbrook, Illinois-based company said it had net income of $2.24.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The beauty products retailer posted revenue of $1.58 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $1.54 billion.

For the year, the company reported profit of $409.8 million, or $6.52 per share. Revenue was reported as $4.85 billion.

For the current quarter ending in May, Ulta said it expects revenue in the range of $1.24 billion to $1.26 billion. Analysts surveyed by Zacks had expected revenue of $1.28 billion.

Ulta shares have climbed slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $273.77, an increase of 72 percent 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


Keywords: Ulta Salon, Earnings Report