{"id":183583,"date":"2023-11-14T15:39:41","date_gmt":"2023-11-14T15:39:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183583"},"modified":"2023-11-14T15:39:41","modified_gmt":"2023-11-14T15:39:41","slug":"sally-beauty-holdings-up-14-even-after-q4-results-miss-view","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/sally-beauty-holdings-up-14-even-after-q4-results-miss-view\/","title":{"rendered":"Sally Beauty Holdings Up 14% Even After Q4 Results Miss View"},"content":{"rendered":"
Shares of Sally Beauty Holdings, Inc. (SBH), a specialty retailer and distributor of professional beauty supplies, are climbing more than 14% Tuesday morning despite reporting fourth-quarter results below analysts’ view.<\/p>\n
Net earnings in the fourth quarter increased to $42.6 million, or $0.39 per share from $21.3 million, or $0.20 per share last year, primarily due to restructuring charges of $26.43 million in the year-ago quarter. In the latest quarter, the company had a gain of 872,000 on restructuring.<\/p>\n
Adjusted earnings, excluding one-time items, were $45.7 million or $0.42 per share, that missed the average estimate of analysts polled by Thomson-Reuters of $0.46 per share.<\/p>\n
Sales for the quarter was $921 million, a decrease of 4.3%. The consensus estimate was for $930.47 million.<\/p>\n
SBH, currently at $9.27, has traded in the range of $7.21 – $18.42 in the last 1 year. <\/p>\n