Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) reported net income for the third quarter of $8.5 million or $0.14 per share, compared to $5.0 million or $0.09 per share in the year-ago quarter.
Net sales for the quarter increased 11.5% to $284.0 million from $254.8 million in the prior-year quarter.
Comparable store sales increased 1.5% compared to an increase of 2.0% in the third quarter of fiscal 2008.
On average, analysts polled by Thomson Reuters expected the company to earn $0.11 per share, on revenues of $277.50 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead for the fourth quarter, the company expects net earnings to be in the range of $0.22 to $0.26 per share. The company currently expects net sales in the range of $362 million to $376 million.
Analysts currently expect earnings of $0.25 per share on revenues of $377.09 million for the fourth quarter.
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