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Sales Rise, Profits Fall at Bare Escentuals

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By: TOM BRANNA

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Bare Escentuals Inc., which develops and sells natural cosmetics, reported ower third-quarter profit, and a Bank of America analyst warned that Wall Street’s 2007 profit target is too high. The news sent shares of the company down 6.5%. The company, which went public in September, reported a 5% decrease in net income to $8.9 million. But revenue jumped 45% to $97.9 million from $67.6 million ago. Looking ahead to the fourth quarter of fiscal 2006, the company expects sales to increase ...

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