ULTA Reports Solid Q3 Results, Issues Upbeat Guidance

Shares of ULTA Salon, Cosmetics & Fragrance (ULTA) - Get Report were in focus on Friday after reporting better-than-expected results for the third quarter. The beauty retailer posted earnings of $1.40 a share on revenue of $1.13 billion, which beat analysts' estimates. The company also issued upbeat guidance for the holiday quarter. Ulta now expects fourth-quarter earnings to range between $2.08 and $2.13 a share, with revenue between $1.52 billion and $1.54 billion. Comparable store sales are anticipated to increase 12% to 14% for the period. Analysts are estimating 13% growth.

Employees of TheStreet are restricted from trading individual securities.