Lululemon raises full-year profit, revenue forecast

The profit forecast however was short of analysts' average estimate of $1.93 per share, while the revenue forecast compared with analysts' average estimate of $2.02 billion, according to Thomson Reuters I/B/E/S. Shares of the company, which has posted better-than expected profit for at least the past eight quarters, were up 2.8 percent at $63.25 in light premarket trading. Lululemon is in the midst of a turnaround to improve quality, expand its product line and solve supply-chain problems, while laying the groundwork for faster international growth.

Lululemon raises full-year profit, revenue forecast source: http://finance.yahoo.com/news/lululemon-raises-full-profit-revenue-105259346.html