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- Lululemon Athletica's earnings beat on both the top and bottom lines.
- The retailer lifted its full-year guidance above Wall Street expectations.
- Shares jumped more than 10%.
- Watch Lululemon Athletica in real time here.
Lululemon Athletica shares are up more than 10% ahead of Friday's opening bell after the company posted strong second-quarter earnings and lifted full-year guidance.
The retailer reported adjusted earnings of $0.71 per share, beating the $0.49 that was expected by Wall Street analysts surveyed by Bloomberg. Lululemon said its second quarter sales totaled $723.5 million, easily beating the $666.1 million estimate. Comparable sales were also strong, soaring 19% on a constant dollar basis, well above the 9.5% growth that was anticipated.
See the rest of the story at Business Insider
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