* Sees higher profit, revenue in fourth quarter
* Says plans to open 20-25 stores in fiscal 2011 on track
TORONTO, Jan 12 (Reuters) - Shares of Lululemon Athletica Inc LLL.TOLULU.O rose 10 percent in pre-market trading on Wednesday after the Canadian yoga-wear retailer said it sees higher-than-expected quarterly results.
The company said late Tuesday it expects to report earnings of 55 cents to 57 cents a share, up 9 cents a share from its earlier forecast, for the fourth quarter ending Jan. 30.
The revised forecast was due to higher-than-expected net revenue, which is seen coming in at $237 million to $239 million. It had earlier forecast net revenue of $210 million to $215 million.
Vancouver-based Lululemon has experienced phenomenal growth because of the success of its premium sports apparel, known for their good fits, and managed to carve a profitable niche for itself in the competitive clothing retail space.
Shares of the company, whose plans to open 20-25 stores in fiscal 2011 remain on track, were up $6.56 at $73.80 in trading before the opening bell on Nasdaq.
The stock has more then doubled in the past 52 weeks. (Reporting by S. John Tilak)
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