Close X
Wednesday, November 13, 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

    Opening Of Canadian Parliament Reflects The Brutality Of Some Age-old Traditions

    Opening Of Canadian Parliament Reflects The Brutality Of Some Age-old Traditions
    OTTAWA — The opening of Parliament is ripe with traditions and symbolism that reach back in time to the beginnings of parliamentary democracy.

    Opening Of Canadian Parliament Reflects The Brutality Of Some Age-old Traditions

    Disappointing Economic Figures Fuel Views That Canada Will Stumble Out Of 2015

    Disappointing Economic Figures Fuel Views That Canada Will Stumble Out Of 2015
    OTTAWA — Fresh bundles of disappointing data rolled out Friday are backing up expectations the Canadian economy is poised to close out the year with a whimper.

    Disappointing Economic Figures Fuel Views That Canada Will Stumble Out Of 2015

    Nova Scotia Medical Residents Ratify Contract Agreement

    Meanwhile, the Nova Scotia Government and General Employees Union says it has put a contract ratification vote on hold until mid-January for 7,600 civil servants.

    Nova Scotia Medical Residents Ratify Contract Agreement

    Mountie Shot On The Job Considering Return To Work One Year Into Recovery

    Mountie Shot On The Job Considering Return To Work One Year Into Recovery
    KAMLOOPS, B.C. — The RCMP detachment in Kamloops, B.C., has celebrated a milestone in the recovery of one its own a year after the officer was shot during a traffic stop.

    Mountie Shot On The Job Considering Return To Work One Year Into Recovery

    UBC Names Investigator To Probe 'Serious Allegations' Against Steven Galloway

    UBC Names Investigator To Probe 'Serious Allegations' Against Steven Galloway
    VANCOUVER — The University of British Columbia has hired a former judge to investigate "serious allegations" against suspended creative writing chairman Steven Galloway.

    UBC Names Investigator To Probe 'Serious Allegations' Against Steven Galloway

    Stigma A Barrier To Medical Cannabis Research, Advocates Say At Roundtable

    Stigma A Barrier To Medical Cannabis Research, Advocates Say At Roundtable
    VANCOUVER — When Jonathan Zaid turned 18, his mom gave him an unusual birthday present — one that would turn out to be life-changing.

    Stigma A Barrier To Medical Cannabis Research, Advocates Say At Roundtable