UPDATE: Lululemon Q4 Net Profit Up 48%

Lululemon Athletica LULU reported a 48% rise in its fourth-quarter profit. Lululemon's quarterly earnings surged to $109.4 million, or $0.75 per share, versus $73.9 million, or $0.51 per share, in the year-ago period. However, analysts expected a profit of $0.74 per share. Its revenue rose 31% to $485.5 million, versus analysts' estimates of $482 million. Its same-store sales climbed 10%. For its current fiscal year, Lululemon expects net revenue of $1.62 billion to $1.64 billion and earnings of $1.95 to $1.99 per share. Lululemon shares gained 0.81% to $64.40 in pre-market trading.