June 12, 2019 - 1:39 PM
VANCOUVER, British Columbia (AP) _ Lululemon Athletica Inc. (LULU) on Wednesday reported fiscal first-quarter earnings of $96.6 million.
The Vancouver, British Columbia-based company said it had profit of 74 cents per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The athletic apparel maker posted revenue of $782.3 million in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $757.1 million.
For the current quarter ending in August, Lululemon said it expects revenue in the range of $825 million to $835 million. Analysts surveyed by Zacks had expected revenue of $745 million.
The company expects full-year earnings to be $4.51 to $4.58 per share, with revenue ranging from $3.73 billion to $3.77 billion.
Lululemon shares have risen 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $170.89, an increase of 37% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LULU at https://www.zacks.com/ap/LULU
News from © The Associated Press, 2019