VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Lululemon Athletica Inc. (LULU) on Thursday reported fiscal second-quarter net income of $329.2 million.
The Vancouver, British Columbia-based company said it had net income of $2.92 per share. Earnings, adjusted for non-recurring gains, were $2.06 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.
The athletic apparel maker posted revenue of $2.42 billion in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $2.47 billion.
For the current quarter ending in October, Lululemon said it expects revenue in the range of $2.29 billion to $2.32 billion.
The company expects full-year earnings to be $9.48 to $9.73 per share, with revenue ranging from $10.35 billion to $10.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LULU at https://www.zacks.com/ap/LULU
