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Strong Q3 results boost share price.
October 31, 2009
By: TOM BRANNA
Editor
Shares of Bare Escentuals Inc. jumped to a new year high Friday, a day after the mineral cosmetics company reported higher sales pushed earnings beyond analyst estimates in the third quarter. Analysts sensed a spending recovery and the stock rose $1.11, or 8.9%, to $13.60 in midday trading. The stock earlier hit $14.54, eclipsing a 52-week high of $14.06 set earlier this month. The company said Thursday its third-quarter profit fell by about 1% to 24 cents per share as revenue grew 4%. Analyst...
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