This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bare Escentuals Shares Peak On Strong 3Q Earnings

SAN FRANCISCO (AP) ¿ Shares of Bare Escentuals Inc. jumped to a new year high Friday, a day after the mineral cosmetics company reported higher sales pushed earnings beyond analyst estimates in the third quarter.

Analysts sensed a spending recovery and the stock rose $1.11, or 8.9 percent, to $13.60 in midday trading. The stock earlier hit $14.54, eclipsing a 52-week high of $14.06 set earlier this month.

The company said Thursday its third-quarter profit fell by about 1 percent to 24 cents per share as revenue grew 4 percent. Analysts polled by Thomson Reuters expected profit of 21 cents per share.

RBC Capital Markets analyst Jason Gere said the performance "gives us more confidence that the worst is finally behind us and we are hopeful to see better trends ensue beginning with this holiday season."

Gere said some concerns remain as the company is likely to spend more on operating costs but he believes per-share profit growth of 10 percent in 2010 "seems achievable."

Stifel Nicolaus & Co. analyst Mark Astrachan said sales in the third quarter were boosted by new product launches, inventory restocking at retailers and organic growth.

"Going forward, we believe the company remains well positioned to continue gaining share of the U.S. cosmetics market as consumers generally regard the product portfolio favorably compared to other mineral-based product offerings," Astrachan told investors in a research report.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%
TSLA $266.15 0.00%
YHOO $36.67 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs