Ulta shares jump after earnings, outlook top Street view
Ulta Salon Cosmetics & Fragrance Inc. shares rallied in the extended session Thursday after the cosmetics retailer's quarterly results and outlook topped Wall Street expectations. Ulta shares jumped 11% to $181.30 after hours. The company reported fourth-quarter earnings of $1.69 on revenue of $1.27 billion. Analysts surveyed by FactSet had forecast $1.54 a share on revenue of $1.23 billion. For the first quarter, Ulta expects earnings of $1.25 to $1.30 a share on revenue of $1.02 billion to $1.03 billion. Analysts estimate earnings of $1.23 a share on revenue of $1.01 billion. Additionally, Ulta announced a new $425 million share buyback plan, with plans to enter a $200 million "accelerated" buyback agreement with Goldman Sachs.
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