VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Lululemon Athletica Inc. (LULU) on Thursday reported fiscal first-quarter profit of $314.6 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of $2.60.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.
The athletic apparel maker posted revenue of $2.37 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $2.36 billion.
For the current quarter ending in July, Lululemon said it expects revenue in the range of $2.54 billion to $2.56 billion.
The company expects full-year earnings to be $14.58 to $14.78 per share, with revenue ranging from $11.15 billion to $11.3 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
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