Alberto-Culver Net Income Up 69%, Beats Estimates (ACV)

Melrose Park, Illinois based household and beauty products maker Alberto-Culver Company ACV on Monday morning released financial results that beat Wall Street expectations. Alberto-Culver Company (ACV) reported that its fiscal 3rd quarter net income jumped 69% to $47.2 million, or 47 cents per share, up from $28 million, or 28 cents per share, a year earlier. Excluding special items, the company earned 39 cents per share. The company reported that its revenue climbed 18.8% to $417.6 million, up from $351.6 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 37 cents per share, on revenue of $391.31 million. Analysts covering the Alberto-Culver Company's stock have a consensus price target of $31.75per share. Read more from Benzinga's Company news.