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Ulta Beauty (ULTA - Free Report) just released its third quarter fiscal 2016 financial results after the bell, posting diluted earnings of $1.40 and revenues of $1.13 billion. ULTA is a #2 (Buy) on the Zacks Rank, and is up almost 5% to $270 per share in after-hours trading.

Beat earnings estimates. The company reported diluted earnings of $1.40, beating the Zacks Consensus Estimate of $1.37 cents per share and increasing 26.1% year-over-year.

Beat revenue estimates. The company saw revenue figures of $1.13 billion, also beating our consensus estimate of $1.108 billion and rising 24.2% year-over-year.

Total comparable sales increased 16.7% during Q3, compared to an increase of 12.8% in the year-ago quarter, thanks to an 11.1% growth in transactions and 5.6% growth in average ticket. E-commerce sales grew 59.1% to $73.6 million.

For its holiday quarter, Ulta expects revenues in the range of $1.516 billion to $1.541 billion. Total comps are expected to rise 12% to 14%, while earnings per share is estimated to be in the range of $2.08 to $2.13.

“Ulta Beauty’s top line accelerated in the third quarter, driving record sales and earnings performance,” said Mary Dillon, Chief Executive Officer. “Our associates continue to execute against our growth strategies, resulting in success across several areas: new brand acquisition, increased Ulta Beauty brand awareness, rapid growth in our loyalty program, improving supply chain performance, and robust e-commerce growth.”

Here’s a graph that looks at Ulta’s price, consensus, and EPS surprise:

ULTA SALON COSM Price, Consensus and EPS Surprise

ULTA SALON COSM Price, Consensus and EPS Surprise | ULTA SALON COSM Quote

ULTA is the largest beauty retailer that provides one-stop shopping for prestige, mass, and salon products and salon services in the United States. ULTA provides affordable indulgence to its customers by combining the product breadth, value and convenience of a beauty superstore with the distinctive environment and experience of a specialty retailer. ULTA offers a unique combination of over twenty-one thousand prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools, as well as salon haircare products.

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