Shares of Ulta Salon Cosmetics and Fragrance (NASDAQ:ULTA) surged 13 percent in late afternoon hours. The company reported quarterly earnings of 70 cents per share on revenue of $601 million, beating estimates calling for 67 cents per share and revenue of $588 million. “The Ulta Beauty team delivered a very strong quarter while moving our growth strategy forward,” stated Mary Dillon, chief executive officer. “Ulta Beauty added several new brands to its stores; we further expanded the number of Clinique and Lancôme boutiques; we drove rapid growth in our e-commerce business; and we achieved record membership in our loyalty program.”
Walt Disney (NYSE:DIS) shares jumped 2.4 percent on Thursday and continued to edge higher in late afternoon trading. The entertainment giant plans to repurchase $6 billion to $8 billion of stock starting sometime next year.
Despite all three major indices closing in the red, Apple (NASDAQ:AAPL) shares gained 1 percent on Thursday. After the closing bell on Wednesday, billionaire investor Carl Icahn admitted to CNBC that he purchased “quite a bit” of Apple stock during the recent pullback, and called the company’s valuation “cheap.”
Shares of Yahoo (NASDAQ:YHOO) jumped 1.6 percent on Thursday. CEO Marissa Mayer has reported a number of significant victories since her appointment to the position more than a year ago, among them Yahoo’s stock rally, its $1 billion acquisition of Tumblr, and the site’s appealing homepage and email redesign. At the TechCrunch Disrupt Conference, she said that her Internet company now has more than 800 million monthly active users and receives around 12,000 job resumes weekly.
Facebook (NASDAQ:FB) shares edged slightly higher in late afternoon hours. The social network received price target upgrades from JPMorgan Chase and RBC Capital. Furthermore, social media stocks look set to step back into the spotlight as Twitter announced in a tweet that it “confidentially submitted an S-1 to the SEC for a planned IPO.” Sources tell CNBC that Goldman Sachs (NYSE:GS) is the lead underwriter.
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