Lululemon Soars After Earnings Beat, $100 Million Buyback

Lululemon Athletica inc. LULU traded up more than 12 percent in Wednesday's after-hours session after the company posted a big EPS beat for the third quarter.

Below are the highlights:

• Lululemon Reports Q3 EPS $0.50 vs $0.43 Est., Sales $544.4M vs $540.3M Est.; 3 Adj. EPS $0.47 vs $0.43 Est.
• Lululemon Sees Q4 EPS $0.96-$1.01 vs $1.01 Est., Sales $765M-$785M vs $787M Est.
• Lululemon Sees FY16 EPS $2.18-$2.23 vs $2.12 Est., Sales $2.32B-$2.34B vs $2.34B Est.
• Lululemon Reports Q3 Comps Up 4%
• Lululemon Announces $100M Stock Buyback

After closing at $59.84, up about 4.5 percent, shares traded around $67 in the after-hours session.