- Company News: lululemon athletica (LULU) quarterly results beat analysts’ estimates
Market news
12 December 2019
Company News: lululemon athletica (LULU) quarterly results beat analysts’ estimates
lululemon athletica (LULU) reported Q3 FY 2019 earnings of $0.96 per share (versus $0.75 in Q3 FY 2018), beating analysts’ consensus estimate of $0.93.
The company’s quarterly revenues amounted to $0.916 bln +22.5(% y/y), beating analysts’ consensus estimate of $0.898 bln.
The company also issued in-line guidance for Q4 FY 2019, projecting EPS of $2.10-2.13 vs. analysts’ consensus estimate of $2.13 and revenues of $1.315-1.330 bln vs. analysts’ consensus estimate of $1.32 bln.
It also raised FY 2019 EPS to $4.75-4.78 from $4.63-4.70; revenues to $3.895-3.910 bln from $3.80-3.84 bln.
LULU fell to $225.29 (-3.39%) in pre-market trading.
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