Lululemon (LULU $42.05 -7.65) reported third quarter earnings of $0.27 per share, $0.02 better than the Capital IQ consensus of $0.25, while revenues rose 30.9% year/year to $230.2 million versus the $238.19 million consensus.
The company reported comps +16% FX adj. Gross profit as a percentage of net revenue gross profit increased to 55.8% for the quarter from 55.1% in the third quarter of fiscal 2010.
The comapny issued in-line guidance for the fourth quarter with EPS of $0.40-0.42 versus the $0.42 consensus and revenues of $327-332 million versus the $330.07 million Capital IQ Consensus Estimate.






