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Lululemon Beats Earnings Expectations, But Guidance Is Weak

Sam RoDec 12, 2013, 17:51 IST

lululemon / Flickr

Lululemon reported Q3 earnings of $0.45 per share, beating expections fo $0.41 per share.

During the period, comparable store sales were up 5% at the yoga apparel retailer. This compares to expectations for a 5.3% gain.

Guidance was light. Management expects to earn $0.78 to $0.80 per share in Q4. This range is below analysts' expecation for $0.84.

More to come...