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But analysts were expecting more.
October 31, 2008
By: TOM BRANNA
Editor
Cosmetics company Bare Escentuals Inc. said Thursday fiscal third-quarter profit rose 12%, but results missed analyst expectations amid a weakening economic environment. Shares fell $1.62, or 23.6% to $5.25 during aftermarket electronic trading. Profit for the quarter ended Sept. 28 rose 12% to $22.9 million, from $20.5 million. Revenue rose 3% to $130.2 million. Analysts polled by Thomson Reuters, on average, predicted a profit of 26 cents per share on revenue of $142.8 million. The San Fr...
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