Ulta Salon (ULTA) Slips on Q2 Results

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) shares fell 5.3% to $257.18. The company posted stronger-than-expected results for its second quarter. Comparable sales increased 14.4% compared to an increase of 10.1% in the second quarter of fiscal 2015. Share volume totaled 2.6 million, compared to an all-day average of 722,000