Shares of Ulta Salon (NASDAQ:ULTA) are ripping in early action, but there could be a devil in the details.
"About half of our earnings outperformance in the quarter was due to the impact that SG&A expenses moved later in the year," disclosed CFO Scott Settersten during the firm's earnings call (transcript).
Ocean Man+ FollowFollowing- Unfollow|Send Message30 Nov 2012
: That was funny how it hugged that $100 line all day. That's what I figured it would do.
bradyc+ FollowFollowing- Unfollow|Send Message30 Nov 2012
: I was going to hold till it reaches 105, oh well a gain is a gain
ULTA vs. ETF Alternatives
Ulta Salon Cosmetics & Fragrances, Inc. is a beauty retailer that provides one-stop shopping for mass and salon products and salon services in United States. Its brands includes Bare Minerals and Urban Decay prestige cosmetics.