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Ulta: Fiscal 2Q Earnings Snapshot

August 30, 2018

BOLINGBROOK, Ill. (AP) _ Ulta Beauty Inc. (ULTA) on Thursday reported fiscal second-quarter profit of $148.3 million.

The Bolingbrook, Illinois-based company said it had net income of $2.46 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.

The beauty products retailer posted revenue of $1.49 billion in the period, which met Street forecasts.

For the current quarter ending in November, Ulta said it expects revenue in the range of $1.55 billion to $1.56 billion. Analysts surveyed by Zacks had expected revenue of $1.54 billion.

Ulta shares have climbed 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $244.25, a climb of 14 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ULTA at https://www.zacks.com/ap/ULTA

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