Ulta stock soars on strong 4Q profits

By Dow Jones Newswires
Posted March 11 at 12:26 p.m.

Shares in Ulta Salon Cosmetics & Fragrance Inc. jumped more than 10 percent, to $46.47, in early afternoon trading Friday on the New York Stock Exchange.

Late Thursday, the company reported that itsĀ  fiscal fourth-quarter profit roseĀ  49 percent and core results topped its upbeat expectations amid continued strength in same-store sales.

The company also forecast current-quarter earnings that beat the average estimate of analysts polled by Thomson Reuters

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