Friday, September 9, 2011

Ulta Salon rosy about the future...

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA). The beauty retailer became the latest company in the U.S. beauty industry to post strong results and give a rosy outlook for the current quarter, as new products and promotions help drive growth. Second-quarter net income jumped 82 percent to $23.9 million, or 38 cents a share, topping market expectations of 32 cents a share. For the third quarter, the company expects to earn 36-38 cents a share on revenue of $400-$407 million.

Ulta stock is currently up 5.87 to 65.63

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