Ulta Salon Shares Jump After Forecast Tops Analysts' Estimates
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Ulta Salon, Cosmetics & Fragrance Inc. rallied the most since 2014 after its first-quarter forecast topped analysts’ estimates, helped by growing demand for beauty products.
Earnings will be $1.25 to $1.30 a share in the period, the Bolingbrook, Illinois-based company said in a statement Thursday. Analysts’ had estimated $1.22 on average, according to data compiled by Bloomberg.