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

Thu Dec 11, 2014 10:04am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Shares up 10 pct at $51.52 after Canadian yogawear maker's reports better-than-expected Q3 profit

** Stock at its highest since April; is among the top percentage gainers and the most heavily traded on the Nasdaq

** Q3 profit gets boosts from 27 pct jump in online sales

** Total same-store sales up 3 pct on constant-dollar basis

** Nudges up full-year adjusted profit forecast to $1.74-$1.78 per share from $1.72-$1.77

** Nearly 6 mln shares traded in first 30 minutes of trading, more than double the 50-day moving average

** Up to Wednesday's close, stock had lost nearly a third of its value since an embarrassing recall of its transparent yoga pants in March 2013