The Lululemon market rose by over 8.6% before the first quarter financial results revised upward full-year earnings guidance that exceeded expectations, and the scale of stock buybacks also expanded
$Lululemon Athletica(LULU.US$ rose more than 8.6% in the pre-market to $334.94.
Lululemon's net revenue for the first quarter of the fiscal year was $2.21 billion, analysts' forecast was 2.2 billion dollars, EPS was 2.54 dollars, and analysts expected 2.39 dollars. Net income for the full year is estimated to be 10.7 billion dollars to 10.8 billion dollars compared to analysts' forecast of 10.76 billion dollars, and profit per share is expected to be 14.27 dollars to 14.47 dollars compared to 14.20 dollars from the previous forecast of 14 dollars. Also, the scale of share buybacks was raised by 1 billion dollars.
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