DENTON, Texas (AP) " Sally Beauty Holdings Inc. on Tuesday reported scarcely prosaic gain in its mercantile third quarter, as aloft income was cancel out by costs and a lawsuit credit in last-year's quarter.
The beauty products firm moreover voiced an gift of 23.1 million shares of its batch as its largest shareholder, Clayton, Dubilier Rice LLC , tries to sell off its interest in the business.
Shares fell more than 8 percent in after-hours trading.
The company, formed in Denton, Texas , sells hair, skin and spike products at its own stores worldwide and by other retailers.
Sally Beauty done $69.5 million, or 37 cents per share, is to entertain that finished June 30. That's compared with $69.1 million, or 37 cents per share, in the same entertain final year. After adjusting for a $13.4 million lawsuit agreement in the mercantile third entertain of 2011 and other items, it warranted 38 cents per share compared with 30 ! cents per share in final year's quarter.
Revenue rose 6 percent to $887 million on stronger sales at its flourishing bottom of stores and other retailers.
The results fell next Wall Street expectations. Analysts polled by FactSet approaching the firm to post practiced gain of 37 cents per share on income of $900.4 million.
Sales at Sally Beauty Supply stores open at least a year grew 5.2 percent year-over-year. Analysts predict an enlarge of 6.4 percent, according to FactSet. That portion is a key indicator of sell opening given it strips divided the effect of not long ago non-stop or closed stores
The firm did not supply sum on because the in isolation equity firm is selling its interest but expects it will grip no shares in the business once the gift is complete. A deputy for Sally did not lapse calls for comment.
Clayton Dubilier Rice declined to comment. The New York-based in isolation equity firm has hel! d a interest in the firm given 2006.
Sally Beauty! shares fell $2.29, or 8.5 percent, to $24.80 in after-hours trading.
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