Lululemon's profit beats expectations on robust online sales

Thu Dec 11, 2014 5:43am EST
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Dec 11 (Reuters) - Canadian yogawear chain Lululemon Athletica Inc reported a better-than-expected third-quarter profit, helped by a rise in online sales.

The company's net income fell to $60.5 million, or 42 cents per share, in the quarter ended Nov. 2 from $66.1 million, or 45 cents per share, a year earlier.

Analysts on average had expected earnings of 38 cents per share, according to Thomson Reuters I/B/E/S. (Reporting by Solarina Ho and Ashutosh Pandey in Bengaluru; Editing by Sriraj Kalluvila)