Ulta Salon (ULTA) Earnings Upward-Reaction; Nomura Sees Upside In LinkedIn (LNKD)

ULTA Salon_ULTA

Shares of ULTA Salon, Cosmetics & Fragrance, Inc. (Nasdaq:ULTA) climbed more than 6% in the extended session Thursday after the company delivered strong quarterly performance in its financial results, with profit and revenue numbers above Wall Street analysts’ expectations

For the third quarter 2015, Ulta Salon posted net sales of $910.7 million, a 22.1% increase year over year, and net income of $71.1 million, or $1.11 per diluted share, compared to net income of $59.1 million, or $0.91 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $1.05 earnings per share on revenues of $880.14 for the period

ULTA stock closed at $163.19, down $0.33 (or -0.20%), and 2,097,385 of its shares exchanged hands during the day, previous the release of the company’s earnings report

ULTA Salon, Cosmetics & Fragrance, the largest beauty retailer in the United States, has 63.94M Shares Outstanding, Market Capitalization (intraday) of $10.43B and ULTA stock 52-week range is between $120.38 and $176.77 per share

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LinkedIn_LNKD

Brokerage firm Nomura has initiated coverage on LinkedIn Corp. (NYSE:LNKD) stock with a Buy rating and a price target of $290.00, representing an upside potential of 21.11% versus its price at close on Thursday of $239.44 per share

LinkedIn recently reported third quarter 2015 revenue of $780 million and non-GAAP net income of $103 million, or $0.78 per share for the period. The company expects revenue for the next quarter to be in a range of $845 million to $850 million.

LinkedIn, the world’s largest professional network on the Internet, has 115.47M Shares Outstanding, Market Capitalization (intraday) of $31.39B and LNKD stock one-year range is from $165.57 and $276.18 per share.

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