Shares of Bare Escentuals Inc. jumped to a new year high Friday, a day after the mineral cosmetics company reported higher sales pushed earnings beyond analyst estimates in the third quarter.Stifel Nicolaus & Co. analyst Mark Astrachan said sales in the third quarter were boosted by new product launches, inventory restocking at retailers and organic growth. "Going forward, we believe the company remains well positioned to continue gaining share of the U.S. cosmetics market as consumers generally regard the product portfolio favorably compared to other mineral-based product offerings," Astrachan told investors in a research report.
To read the full article, visit http://www.forbes.com/feeds/ap/2009/10/30/business-materials-us-bare-escentuals-mover_7068333.html
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