Close X
Monday, November 25, 2024
ADVT 
National

Lululemon Athletica posts 3Q profit, results miss Street expectations

Darpan News Desk The Canadian Press, 09 Dec, 2015 10:59 AM
    Lululemon Athletica inc. (LULU) on Wednesday reported fiscal third-quarter earnings of $53.2 million.
     
    The Vancouver, British Columbia-based company said it had net income of 38 cents per share. Earnings, adjusted for non-recurring gains, came to 35 cents per share.
     
    The results missed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
     
    The company posted revenue of $479.7 million in the period, also falling short of Street forecasts. Thirteen analysts surveyed by Zacks expected $481.6 million.
     
    For the current quarter ending in January, Lululemon said it expects revenue in the range of $670 million to $685 million. Analysts surveyed by Zacks had expected revenue of $693.4 million.
     
    The company expects full-year earnings in the range of $1.78 to $1.81 per share, with revenue ranging from $2.03 billion to $2.04 billion.
     
    Lululemon shares have dropped 6.5 per cent since the beginning of the year. The stock has increased 16 per cent in the last 12 months.

    MORE National ARTICLES

    Surrey, B.C., Lawyer David Siebenga Suspended For 30 Days For Filing Contradictory Affidavits

    Surrey, B.C., Lawyer David Siebenga Suspended For 30 Days For Filing Contradictory Affidavits
    The B.C. Law Society has issued a statement saying David Siebenga admitted to two actions of professional misconduct before a hearing panel.

    Surrey, B.C., Lawyer David Siebenga Suspended For 30 Days For Filing Contradictory Affidavits

    Former B.C. Premier Bill Bennett Dies At 83 After Years Of Alzheimer's Disease

    Former B.C. Premier Bill Bennett Dies At 83 After Years Of Alzheimer's Disease
    His family said in an obituary that Bennett cherished his time with them and had a quick wit and great sense of humour.

    Former B.C. Premier Bill Bennett Dies At 83 After Years Of Alzheimer's Disease

    Want To Be Appointed To The Senate? 5 Things You Need To Know

    Want To Be Appointed To The Senate? 5 Things You Need To Know
     The process is aimed at restoring the Senate to its intended role as an independent chamber of sober second thought.

    Want To Be Appointed To The Senate? 5 Things You Need To Know

    Throne Speech Launches Trudeau Era In Parliament, Recaps Election Promises

    Throne Speech Launches Trudeau Era In Parliament, Recaps Election Promises
    OTTAWA — The Justin Trudeau era is officially underway in Parliament with the reading of a throne speech sketching out the priorities of the new Liberal government.

    Throne Speech Launches Trudeau Era In Parliament, Recaps Election Promises

    Tribal Council Says Young B.C. Man Living In Care Dies; Coroner Investigates

    Tribal Council Says Young B.C. Man Living In Care Dies; Coroner Investigates
    The Nuu-chah-nulth Tribal Council did not release the name, age or location of the man's death in a news release issued Thursday.

    Tribal Council Says Young B.C. Man Living In Care Dies; Coroner Investigates

    'The 6' Makes A Fashionable Footprint With New Nike Shoes Inspired By Toronto

    'The 6' Makes A Fashionable Footprint With New Nike Shoes Inspired By Toronto
    The nickname assigned to Toronto by hometown hip-hop star Drake has been stamped on new Nike shoes designed by Canadian Erin Cochrane.

    'The 6' Makes A Fashionable Footprint With New Nike Shoes Inspired By Toronto