Lululemon stock rises 2% after Q3 earnings top views

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Shares of Lululemon Athletica Inc. LULU, -2.13% roseate 2% successful the extended league Thursday aft the retailer reported fiscal third-quarter nett and income supra Wall Street expectations, saying it was "pleased" with its aboriginal vacation play performance. Lululemon said it earned $187.8 million, oregon $1.44 a share, successful the quarter, compared with $144 million, oregon $1.10 a share, successful the year-ago quarter. Adjusted for one-time items, the institution earned $1.62 a stock successful the quarter. Revenue roseate 30% to $1.5 billion, the institution said, acknowledgment to rising nett gross successful company-operated stores and including rising same-store sales. Analysts polled by FactSet expected Lululemon to study EPS of $1.40 connected income of $1.4 billion. "We are pleased with our aboriginal holiday-season show and however the Lululemon marque continues to resonate successful markets astir the world," Chief Executive Calvin McDonald said. The retailer guided for fourth-quarter gross betwixt $2.125 cardinal and $2.165 billion, and adjusted EPS betwixt $3.25 and $3.32. For the afloat twelvemonth 2021, the institution said it expects gross to beryllium successful a scope betwixt $6.250 cardinal and $6.290 billion, and adjusted EPS betwixt $7.69 and $7.76. Lululemon shares ended the regular trading time down 2.1%.

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