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

    Police In Grenada Search For New Brunswick Woman Who Disappeared While Jogging

    Police In Grenada Search For New Brunswick Woman Who Disappeared While Jogging
    ST. GEORGE'S, Grenada — Police in Grenada are searching the small Caribbean island for a missing woman from New Brunswick who disappeared while out jogging with her dog.

    Police In Grenada Search For New Brunswick Woman Who Disappeared While Jogging

    High-Income Earners Urged To Make Changes Now To Avoid Income Tax Increase

    High-Income Earners Urged To Make Changes Now To Avoid Income Tax Increase
    Tax experts say if you are lucky enough to find yourself in Ottawa's new top bracket — those earning $200,000 or more — you shouldn't defer any income that you can take this year because you'll pay more if you do.

    High-Income Earners Urged To Make Changes Now To Avoid Income Tax Increase

    Ontario Spends $20 Million To Build Electric Vehicle Charging Stations

    Ontario Spends $20 Million To Build Electric Vehicle Charging Stations
    PARIS — Ontario's Liberal government will spend $20 million to create more public charging stations for electric vehicles.

    Ontario Spends $20 Million To Build Electric Vehicle Charging Stations

    Money On The Line: Winner Of Grey Cup 50/50 Prize Pot Yet To Come Forward

    Money On The Line: Winner Of Grey Cup 50/50 Prize Pot Yet To Come Forward
    WINNIPEG — It’s been more than a week since the Edmonton Eskimos won the Grey Cup, but there's another prize that's still up for grabs.

    Money On The Line: Winner Of Grey Cup 50/50 Prize Pot Yet To Come Forward

    Fentanyl Continues To Claim B.C. Lives Despite Education: Police

    Fentanyl Continues To Claim B.C. Lives Despite Education: Police
    Police in Delta, B.C, issued a warning over the weekend after two people used cocaine and inadvertently overdosed on fentanyl. 

    Fentanyl Continues To Claim B.C. Lives Despite Education: Police

    Alberta's Suicide Rate Jumps Significantly In First Half Of 2015

    Mara Grunau with the Centre for Suicide Prevention says the numbers jumped 30 per cent in the first half of 2015.

    Alberta's Suicide Rate Jumps Significantly In First Half Of 2015