By  on February 6, 2009

Profits at Sally Beauty Hold-ings Inc. were up 12 percent to $16.1 million, from $14.3 million a year ago, during the first fiscal quarter ended Dec. 31, the company reported Thursday. Revenues slid 1.6 percent to $645.6 million from $655.8 million in the same period a year ago.

Consolidated net earnings came in at 9 cents a diluted share versus 8 cents in the year-ago period. Non-GAAP adjusted earnings, eliminating mark-to-market adjustments related to interest rate swaps, were flat at 10 cents a diluted share. Wall Street analysts had expected earnings of 13 cents a share, according to Yahoo Finance.

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