BOLINGBROOK, Ill. (AP) _ Ulta Beauty Inc. (ULTA) on Thursday reported fiscal fourth-quarter net income of $171.5 million.
On a per-share basis, the Bolingbrook, Illinois-based company said it had profit of $3.03. Earnings, adjusted for one-time gains and costs, came to $3.41 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The beauty products retailer posted revenue of $2.2 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $2.07 billion.
For the year, the company reported profit of $175.8 million, or $3.11 per share. Revenue was reported as $6.15 billion.
Ulta expects full-year earnings to be $8.85 to $9.30 per share, with revenue in the range of $7.2 billion to $7.3 billion.
Ulta shares have climbed 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $347.50, an increase of 57% in the last 12 months.