Sally Beauty Holdings Inc. Q4 Profit Increases, but misses estimates

(RTTNews) - Sally Beauty Holdings Inc. (SBH) announced a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $42.581 million, or $0.39 per share. This compares with $21.339 million, or $0.20 per share, in last year's fourth quarter.

Excluding items, Sally Beauty Holdings Inc. reported adjusted earnings of $45.698 million or $0.42 per share for the period.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.3% to $921.356 million from $962.460 million last year.

Sally Beauty Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $42.581 Mln. vs. $21.339 Mln. last year. -EPS (Q4): $0.39 vs. $0.20 last year. -Analyst Estimate: $0.46 -Revenue (Q4): $921.356 Mln vs. $962.460 Mln last year.