Sally Beauty: Fiscal 3Q Earnings Snapshot
DENTON, Texas (AP) _ Sally Beauty Holdings Inc. (SBH) on Thursday reported fiscal third-quarter net income of $58.2 million.
On a per-share basis, the Denton, Texas-based company said it had profit of 48 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 60 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The beauty products seller posted revenue of $996.3 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $996.6 million.
Sally Beauty shares have decreased 13 percent since the beginning of the year. The stock has fallen 19 percent in the last 12 months.