Lululemon Shares Pop On Improved Earnings Outlook

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.