Ulta Salon, Cosmetics & Fragrance (ULTA) reported first quarter net income of $0.65 per share after the bell Tuesday, up from $0.54 per share last year. The consensus estimate was for EPS of $0.62. Second quarter EPS is expected to be between $0.64 and $0.67, compared to the consensus estimate of $0.68.
Ulta Salon gapped open sharply higher Wednesday and is now up 12.27 at $96.40 on above average volume. The stock has risen to a 4-month high and has re-crossed both its 50 and 200-day moving averages.
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