BUZZ-Lululemon Athletica Inc: Better-than-expected profit

Thu Sep 11, 2014 7:22am EDT
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** Canadian yogawear chain's shares up 12.1 pct at $43.00 premarket

** Company reports better-than-expected Q2 profit, helped by higher online sales

** Raises full-year adjusted earnings and revenue outlook

** Direct-to-consumer revenue, which includes online and catalog sales, rises 30 pct

** Up to Wednesday's close, the stock had fallen more than 40 pct since March 2013 when the company announced a recall of its transparent yoga pants

** Company's shares have not risen more than 10 pct in a day since September 2012

** Thirty-four analysts tracking the stock, on average, have price target of $42.93, according to Thomson Reuters data