Bare Escentuals 4Q profit, sales surge |
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Thu, 01 Mar 2007 00:50
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SAN FRANCISCO (AP) - Bare Escentuals Inc., which develops and sells natural cosmetic, skin care and body care products, on Wednesday said its fourth-quarter net income more than tripled from a year ago while sales soared 39.2 percent.The company, which went public in September, reported a quarterly profit of $16.3 million, or 18 cents per share calculated on 92 million shares outstanding. In the fourth quarter a year, the company earned $4.8 million, or 7 cents per share on 72 million shares.Analysts polled by Thomson Financial, on average, expected a profit of 13 cents per share.Sales rose to $110.5 million from $79.3 million in the year-ago period. Sales for the year increased to $394.5 million from $259.3 million in 2005.For 2006, the company's profit rose to $50.2 million, or 65 cents per share calculated on 77.3 million shares compared to $23.9 million, or 34 cents per share in 2005 on 69.3 million shares. The number of shares outstanding was different last year than this year because of the IPO.Shares of Bare Escentuals added 96 cents, or 2.8 percent, to $35.75 in aftermarket activity after gaining 46 cents to end at $34.79 on the Nasdaq Stock Market.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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