Sally Beauty Holdings Stock Soars 23% After Q2 Earnings Rise

(RTTNews) - Sally Beauty Holdings, Inc. (SBH) jumped 22.46 percent to $10.01 in Monday trading after reporting stronger net earnings for the fiscal second quarter.

The company posted net income of $39.2 million, up from $29.2 million a year ago, despite a 3 percent decline in net sales to $883.1 million.

SBH opened at $8.94, rising from a previous close of $8.17, and traded between $8.76 and $10.43 throughout the session on the New York stock Exchange.

Volume reached over 3.1 million shares, surpassing its average of 2.4 million. The stock has ranged between $7.54 and $14.79 over the past 52 weeks.