Ulta Salon Jumps 5% After Q3 Results; Lifts Outlook

Ulta Salon, Cosmetics & Fragrance ULTA released its fiscal third-quarter earnings results after the closing bell on Thursday. In after hours trading, the stock has added more than five percent to $97.85. The company reported net income for the period of $38 million or $0.59 per share, compared to $27 million or $0.42 per share, last year. This beat Wall Street analysts' consensus EPS estimates of $0.56 by three cents. Revenue in the period was $506 million, up from $416 million last year. This also beat analysts' consensus estimates of $504.11 million. Looking ahead, Ulta said that it expects forth-quarter earnings per share between $0.96 to $0.98 on revenue of $742 million to $754 million. Currently, analysts expect the company to report EPS of $0.96 on revenue of $735.64 million for the fourth-quarter. For the full-year, the company raised its guidance. Ulta now expects earnings per share between $2.64 and $2.66 versus its previous guidance of $2.58 to $2.60 per share. Analysts currently have consensus EPS estimates of $2.61 for the full-year.