Sally Beauty Holdings Inc. (SBH) reported a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $39.21 million, or $0.38 per share. This compares with $29.44 million, or $0.27 per share, last year.
Excluding items, Sally Beauty Holdings Inc. reported adjusted earnings of $43.53 million or $0.42 per share for the period.
Analysts on average had expected the company to earn $0.39 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.8% to $883.15 million from $908.36 million last year.
Sally Beauty Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $39.21 Mln. vs. $29.44 Mln. last year.
-EPS: $0.38 vs. $0.27 last year.
-Revenue: $883.15 Mln vs. $908.36 Mln last year.
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