By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) -- Ulta Salon Cosmetics & Fragrance Inc. shares dropped in the extended session Thursday after the beauty products retailer's quarterly results and outlook fell short of Wall Street expectations.
Ulta (ULTA) shares fell 15% to $100.20 on heavy volume after the company reported third-quarter earnings of 70 cents a share on revenue of $618.9 million. Results included a severance charge of 2 cents a share.
Analysts surveyed by FactSet were expecting third-quarter earnings of 74 cents a share on revenue of $622.1 million.
For the fourth-quarter, Ulta said it estimates earnings of $1.07 to $1.10 on revenue of $853 million to $867 million. Analysts expect $1.24 a share on revenue of $893.6 million.
Finisar Corp. (FNSR) shares surged 6.6% to $23.20 on heavy volume after the fiber optic components maker reported adjusted fiscal second-quarter earnings of 43 cents a share on revenue of $290.7 million. Analysts had estimated 39 cents a share on revenue of $285.7 million.
Big Lots Inc. (BIG) shares dropped 8.4% to $34 on moderate volume after the retailer reported a third-quarter loss of 17 cents a share on revenue of $1.15 billion. Results reflect the company's announcement they plan to close operations in Canada. Analysts forecast a loss of 8 cents a share on revenue of $1.16 billion.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
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12-05-13 1647ETCopyright (c) 2013 Dow Jones & Company, Inc.
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