Ulta Beauty, Inc. Profit Declines In Q1, But Beats Estimates

(RTTNews) - Ulta Beauty, Inc. (ULTA) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $313.11 million, or $6.47 per share. This compares with $347.05 million, or $6.88 per share, in last year's first quarter.

Analysts on average had expected the company to earn $6.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $2.72 billion from $2.63 billion last year.

Ulta Beauty, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $313.11 Mln. vs. $347.05 Mln. last year. -EPS (Q1): $6.47 vs. $6.88 last year. -Revenue (Q1): $2.72 Bln vs. $2.63 Bln last year.