Alberto-Culver Misses Estimates With 52 Cent Adjusted EPS (ACV)

Melrose Park, Illinois-based Alberto-Culver Company ACV released financial results on Monday morning that missed Wall Street estimates. Alberto-Culver Company announced that its 1st quarter net earnings rose to $47.6 million, or 47 cents per share, up from $36.6 million, or 37 cents per share, a year earlier. Excluding special items, the company reported diluted earnings per share from continuing operations of 52 cents per share. Alberto-Culver Company reported revenue of $405.34 million, up 11.7% from $363.0 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 54 cents per share, on revenue of $410.82 million. Alberto-Culver Company (ACV) finished the previous trading day at $37.17 per share. The consensus price target of analysts covering the company's stock is $36.33 per share. Alberto-Culver Company manufactures, distributes and markets leading beauty care and other personal care products including TRESemme, Alberto VO5, Nexxus, St. Ives, Simple and Noxzema in the United States and internationally. Read more from Benzinga's Company news.