Reuters: Global Markets: Ulta beauty forecasts first-quarter results below Street, shares fall

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Ulta beauty forecasts first-quarter results below Street, shares fall Mar 14th 2013, 20:49 Thu Mar 14, 2013 4:49pm EDT (Reuters) - Beauty products retailer Ulta Beauty (ULTA.O) reported a higher-than-expected fourth-quarter profit, but forecast first-quarter results below Wall Street estimates, sending its shares down 11 percent after the bell. The company said it expects a profit of 60 cents to 63 cents per share and revenue of $568 million to $577 million in the first quarter. Analysts on average expected earnings of 72 cents per share, and revenue of $579.7 million, according to Thomson Reuters I/B/E/S. Net income rose to $64.5 million, or $1.00 per share, in the fourth quarter, from $46.3 million, or 73 cents per share, a year earlier. Revenue rose 30 percent to $758.8 million in the quarter ended February 2. Analysts were expecting a profit of 98 cents per share on revenue of $752.3 million. The company's shares fell 11 percent to $78.34 after the bell. They closed at $88.37 on the Nasdaq on Thursday.

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