Sally Beauty: Fiscal 3Q Earnings Snapshot
DENTON, Texas (AP) _ Sally Beauty Holdings Inc. (SBH) on Wednesday reported fiscal third-quarter net income of $71.2 million.
The Denton, Texas-based company said it had profit of 59 cents per share. Earnings, adjusted for restructuring costs, were 60 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The beauty products seller posted revenue of $975.2 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $984.5 million.
Sally Beauty shares have fallen 28% since the beginning of the year. The stock has fallen 24% in the last 12 months.