Lululemon Athletica (NASDAQ:LULU) shares gained more than 5% on Friday after the company released its third-quarter earnings report, posting earnings per share (EPS) of $2.53. This performance exceeded analyst predictions by $0.25. The company’s revenue for the quarter also surpassed expectations, reaching $2.2 billion compared to the consensus estimate of $2.19 billion.
Looking forward, Lululemon Athletica provided its financial outlook for the fourth quarter of 2024. The company anticipates an EPS in the range of $4.85 to $4.93, which is below the consensus estimate of $4.94. In terms of revenue, the forecast is between $3.135 billion and $3.17 billion, again lower than the expected $3.18 billion.