Ulta Beauty, Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Ulta Beauty, Inc. (ULTA) released earnings for third quarter that dropped from last year.

The company's bottom line came in at $74.80 million, or $1.32 per share. This compares with $129.75 million, or $2.25 per share, in last year's third quarter.

Excluding items, Ulta Beauty, Inc. reported adjusted earnings of $92.49 million or $1.64 per share for the period.

Analysts had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.7% to $1.55 billion from $1.68 billion last year.

Ulta Beauty, Inc. earnings at a glance:

-Earnings (Q3): $92.49 Mln. vs. $128.61 Mln. last year. -EPS (Q3): $1.64 vs. $2.23 last year. -Analysts Estimate: $1.49 -Revenue (Q3): $1.55 Bln vs. $1.68 Bln last year.