Bare Escentuals 3Q Profit Dips Slightly

SAN FRANCISCO (AP) ¿ Mineral cosmetics manufacturer Bare Escentuals Inc. said on Thursday that its third-quarter profit fell slightly, but the results were ahead of analyst expectations and its shares rose.

The company said it earned $22.6 million, or 24 cents per share, for the quarter that ended Sept. 27. That was down about 1 percent from a profit of $22.9 million, or 25 cents per share, during the same period last year.

Revenue rose 4.2 percent to $135.7 million, from $130.2 million a year earlier.

Analysts surveyed by Thomson Reuters were expecting a profit of 21 cents per share on revenue of $131.6 million.

The economy "remains challenging" but the company is pleased with the third-quarter outcome, CEO Leslie Blodgett said.

Bare Escentuals shares rose $1.01, or 8.1 percent, to $13.50 in late trading. They're near their 52-week high of $12.85.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Investing

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

McDonald's Criticized for Not Doing More in Wake of Sexual Harassment Claims

McDonald's Criticized for Not Doing More in Wake of Sexual Harassment Claims

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%