Ulta Beauty Tops Estimates, Rises 11% (ULTA)

is up more than 11 percent in after hours trading after announcing its second quarter results. The company reported a Q2 EPS of $0.70 versus the Street's estimate of $0.67, beating by $0.03. Earnings per share were up 30 percent from the year-ago period. Ulta Beauty's revenue hit $601 million (a 25 percent increase year-over-year) versus Wall Street's estimate of $588.37 million. "The Ulta Beauty team delivered a very strong quarter while moving our growth strategy forward," Mary Dillon, Chief Executive Officer of Ulta Beauty, said in a

. "Ulta Beauty added several new brands to its stores; we further expanded the number of Clinique and Lancôme boutiques; we drove rapid growth in our e-commerce business; and we achieved record membership in our loyalty program. I am incredibly excited about the future potential of Ulta Beauty, and I look forward to working with the team to build on the solid foundation they have built." Ulta Beauty highlighted a number of elements within its earnings report, including:

Ulta Beauty expects to report a third-quarter EPS between $0.71 and $0.74 versus the Wall Street estimate of $0.76. Sales are expected to fall within the $613 million to $623 million range versus the Street estimate of $618.7 million. Disclosure: