Ulta Salon, Cosmetics & Fragrance (ULTA) reported fourth quarter net income of $1.00 per share after the bell Thursday, compared to $0.73 per share in the previous year. The consensus estimate was for EPS of $0.98. First quarter EPS is expected to be between $0.60 and $0.63, compared to the consensus estimate of $0.72.
Ulta Salon gapped open dramatically lower Friday and is now down 12.00 at $76.37 on above average volume. The stock has plunged to a new low for the year.
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