Tuesday, June 10, 2014

Ulta shares surge after above-forecast earnings

Ulta

SAN FRANCISCO (MarketWatch) — Ulta Salon Cosmetics & Fragrance Inc. shares rallied in the extended session Tuesday after the cosmetics retailer topped Wall Street estimates for the quarter.

/quotes/zigman/107036/delayed/quotes/nls/ulta ULTA 85.31, -0.10, -0.12% Ulta 12-month stock price

Shares of Ulta (ULTA)  rose 8.7% to $92.72 in heavy volume after the company reported first-quarter earnings of 77 cents a share on revenue of $713.8 million.

Analysts had forecast earnings of 74 cents a share on revenue of $700 million.

Ulta also forecast second-quarter earnings of 78 cents to 83 cents a share, while analysts are looking for 82 cents a share.

/quotes/zigman/87211/delayed/quotes/nls/syna SYNA 66.52, -0.89, -1.32% Synaptics 12-month stock price

Shares of Synaptics Inc. (SYNA)  surged 18% to $78.34 on moderate volume after the touch-screen company said it had agreed to acquire smartphone- and tablet-display driver company Renesas SP Drivers Inc and raised its forth-quarter revenue outlook to a range of $300 million to $310 million.

Analysts had forecast revenue of $281.6 million.

Shares of American International Group Inc. (AIG)  declined 0.2% to $54.90 on moderate volume after an announcement Peter Hancock would replace Robert Benmosche as chief executive.

Shares of United Natural Foods Inc. (UNFI)  declined 2.2% to $67 on light volume after the organic- and specialty-foods distributor's full-year guidance fell short of expectations.

Stock in Sportsman's Warehouse Holdings Inc. (SPWH)  rose 1.2% to $8.70 on light volume after the company reported an adjusted loss of 5 cents a share on revenue of $132.4 million. Analysts had forecast a loss of 7 cents a share on revenue of $127.4 million.

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