Lululemon stock jumps as international growth helps to offset slowing U.S. sales [MSNBC.com]
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Source: MSNBC.com
LululemonThe yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines"While we feel good about the start of the holiday season, we still have large volume weeks in front of us," said McDonald. "Given the shorter holiday shopping season, we continue to be thoughtful in our planning for quarter four overall."Here's how Lululemon performed in its fiscal third quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: per share:Shares climbed about 8% in extended trading Thursday.The company's reported net income for the three-month period that ended Oct. 27 was $352 million, or $2.87 per share, compared with $249 million, or $1.96 per share, a year earlierSales rose to $2.40 billion, up about 9% from $2.20 billion a year earlier.For the all-important holiday shopping quarter, Lululemon is expecting revenue to be between $3.48 billion and $3.51 billion, representing growth of 8% to 10% from the prior year. Analysts wer
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