BUZZ-Lululemon Athletica Inc: Raises FY forecast

Tue Jun 9, 2015 7:11am EDT
 
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** Canadian yogawear retailer's shares up 3.3 pct at $63.55 premarket

** Raised FY EPS forecast by 1 Canadian cent to $1.86-$1.91 and revenue forecast by $30 mln to $2.0-$2.05 bln

** "They are giving relatively conservatively guidance, likely they can beat it again," Topeka Capital Markets analyst Dorothy Lakner said

** Q1 profit more than doubled, helped by a 6 pct rise in total comparable-store sales on a constant-dollar basis

** Revenue rose about 10 percent to $423.5 million

** Up to Monday's close, stock rose 10.3 pct this year