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Lululemon Athletica Inc. (LULU) Is Down Despite Q3 Results

Lululemon Athletica Inc. (LULU) reported third quarter EPS of $0.71 after the bell Thursday, up from $0.43 last year. The company's revenue for the quarter rose 20.8% to $747.66 million from $619.02 million last year. The consensus estimates were for EPS of $0.70 and revenues of $737.45 million.

The company expects to report fourth quarter EPS of $1.64 to $1.67 and full year EPS of $3.65 to $3.68. Street expectations are for EPS of $1.65 and $3.60.

Lululemon Athletica traded in a range for the bulk of Thursday's session and closed down by 2.18 at $131.44. The stock is now down 8.66 on 319K shares after the bell.

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