Bare Escentuals Sees Sales Rise

But earnings are lower over last year.
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Bare Escentuals

(BARE)

reported its first financial results as a public company after the market close Tuesday.

The cosmetics company posted fiscal third-quarter net income of $8.9 million, or 12 cents a share, compared to $9.4 million, or 13 cents a share, a year ago. Net sales were $97.9 million, up from the $67.6 million it generated last year.

The company expects fourth-quarter earnings of 12 cents to 13 cents a share on year-over-year sales growth of 28% to 33%. For fiscal year 2006, it expects to post earnings of 81 cents to 86 cents a share on sales growth of 18% to 22%.

Shares of the company, which completed an initial public offering last month, were lower by 91 cents, or 2.9%, at $30 in recent after-hours trading.