Ulta Shares Rise On Third-quarter Earnings Beat

Ulta Salon Cosmetics & Fragrance Inc. shares rose in the extended session Thursday after the beauty-products retailer topped Wall Street expectations on third-quarter earnings. Ulta shares advanced 3.9% to $130.58 on moderate volume. The company reported third-quarter earnings of 91 cents a share on revenue of $745.7 million. Analysts surveyed by FactSet estimated 84 cents a share on revenue of $733.3 million. In the fourth quarter, Ulta expects earnings of $1.21 to $1.26 a share on revenue of $997 million to $1.01 billion. Analysts forecast $1.27 a share on revenue of $1.01 billion.