Lululemon Athletica Inc. (LULU) raised its third quarter EPS forecast to between $0.17 and $0.19 after the close Monday, from prior expectations of $0.11 to $0.13. The company also increased its revenue forecast to between $110 million and $112 million, from prior guidance of $95 million to $100 million.
Shares of Lululemon Athletica gapped open higher Tuesday and have continued to rise sharply. The stock is now up 2.39 at $28.10 and has climbed above a 2-week range, to set a new high for the year.
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