Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) is seeing positive gains in early trading today over positive earnings results and guidance.The company reported its first quarter earnings yesterday, posting an EPS of $0.54, an almost 50% increase from the prior year period and above the average analyst estimate of $0.48.Revenue for the quarter rose 22.8% year-over-year to $474.1 million, also above analyst estimates of $467.8 million.For the second quarter, the company sees revenue in the range of $466-$473 million with an EPS between $0.49-$0.51 per share. Analysts are expecting $497 million in revenue with an EPS of $0.55 a share.Despite missing estimates for guidance, the positive earning results have sparked investors interests. The company is trading almost 9% higher to $95.05 in early trading.
