UPDATE: Lululemon Reports Rise In FQ3 Earnings

Lululemon Athletica Inc LULU reported a rise in its fiscal third-quarter earnings. Lululemon's quarterly earnings surged to $38.8 million, or $0.27 per share, from $25.7 million, or $0.18 per share, in the year-earlier period. Its revenue rose to $230 million from $176 million. However, analysts were expecting earnings of $0.25 per share on revenue of $235.7 million. Lululemon expects Q4 earnings in the range of $0.40 to $0.42 per share, versus analysts' estimates of $0.42 per share. Lululemon shares dipped 12.33% to $43.57 in pre-market trading.