ULTA Rises After Doubled Q2 Profit

Ulta Salon, Cosmetics & Fragrance Inc ULTA shares experienced a rise after it recorded more than two fold rise in its Q2 profit. This increase has topped Wall Street anticipations. ULTA’s comparable sales surged 0.8%. ULTA has also projected upbeat Q3 adjusted profit at $0.20 to $0.22 per share. ULTA’s shares rose 13.81% to $25.30 at 9.50am. Read more from Benzinga's Company news.