Market Overview

UPDATE: Lululemon Q3 Net Profit Up 48%

Share:
Related LULU
Watch These 7 Huge Call Purchases In Thursday Trade
Emerging Markets And Financials: Fast Money Picks For September 14
An American Eagle Outfitters Deep Dive (Seeking Alpha)

Lululemon Athletica (NASDAQ: LULU) reported a rise in its third-quarter profit.

Lululemon's quarterly profit surged to $57.3 million, or $0.39 per share, versus $38.8 million, or $0.27 per share, in the year-earlier period.

Its revenue climbed 37% to $316.5 million from $230.2 million. However, analysts were expecting earnings of $0.37 per share on sales of $305.6 million.

Lululemon projects Q4 profit of $0.71 to $0.73 per share, versus analysts' estimates of $0.75 per share. For 2013, it expects earnings of $1.81 to $1.83 per share, versus analysts' estimates of $1.81 per share.

Lululemon shares dropped 4.51% to $65.50 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (LULU)

View Comments and Join the Discussion!