By  on July 27, 2010

Alberto-Culver Co. reported that third-quarter profits vaulted 68.8 percent to $47.2 million, or 47 cents a diluted share, from $28 million, or 28 cents a share, in the same period a year ago on an 18.8 percent increase in sales.

Excluding restructuring items related to the downsizing of the firm’s manufacturing plant in Chatsworth, Calif., and a discrete tax benefit, diluted earnings per share from continuing operations came in at 39 cents a share, 2 cents higher than expected by analysts polled by Yahoo Finance, versus 30 cents in the prior-year period.

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