ULTA Rises After Doubled Q2 Profit

Ulta Salon, Cosmetics & Fragrance Inc (NASDAQ: ULTA) shares experienced a rise after it recorded more than two fold rise in its Q2 profit.

This increase has topped Wall Street anticipations. ULTA’s comparable sales surged 0.8%. ULTA has also projected upbeat Q3 adjusted profit at $0.20 to $0.22 per share.

ULTA’s shares rose 13.81% to $25.30 at 9.50am.

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