Lululemon Shares Pop On Improved Earnings Outlook

By Sue Chang Markets MarketWatch Pulse

Shares of Lululemon Athletica Inc. jumped in Monday's extended session after the yoga apparel company raised its fourth-quarter outlook for both revenue and earnings due to a strong holiday sales. The company said it now expects revenue in a range of $690 million to $695 million versus its earlier guidance of $670 million to $685 million. Lululemon also increased its earnings-per-share projection to 78 cents to 80 cents from 75 cents to 78 cents. Analysts surveyed by FactSet are forecasting revenue of $679 million and EPS of 77 cents for the quarter. Shares rallied 6% in after-hours trading.

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