A slight dip in fourth-quarter sales didn’t stop Alberto-Culver Co. from edging above Wall Street expectations.
In the three months ended Sept. 30, the Melrose Park, Ill.-based beauty firm posted profits of $31.7 million, or 32 cents a diluted share. A year ago, the firm’s net totaled $147.1 million, or $1.48 a share.
On a continuing operations basis and excluding restructuring charges and other items, the company’s earnings per share were 33 cents in the quarter versus 31 cents a year ago. Analysts polled by Yahoo Finance had expected EPS of 32 cents, on average.
Sales in the three months fell less than one percent to $385.2 million from $386 million in 2008.
You May Also Like
“As expected, in the September quarter, we saw the results of our cost saving efforts coupled with the benefit of lower oil derived raw material costs,” said V. James Marino, president and chief executive officer.
For complete coverage, see Tuesday’s WWD.