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Friday, September 7, 2012

Earning Alert -Lululemon Athletica (LULU): Q2 EPS of $0.34 beats by $0.03. Revenue of $282.6M (+33% Y/Y) in-line- 9/7/12

Lululemon Athletica (LULU): Q2 EPS of $0.34 beats by $0.03. Revenue of $282.6M (+33% Y/Y) in-line

Net income for the second quarter ended July 29 rose to $57.2 million, or 39 cents a share, from $38.4 million, or 26 cents a share, a year earlier.Net revenue increased 33 percent to $282.6 million. Same-store sales, a key measure for retailers, rose 15 percent on a constant-dollar basis.

Lululemon Athletica (LULU) has resistance level is $74 & $81 and support level is $63.

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