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Company News

BUZZ-Lululemon Inc: Up after raising Q4 profit forecast

** Canadian athletic apparel maker’s shares up 5 pct at $138.7 after co raises Q4 profit forecast

** Expects Q4 earnings between $1.72 to $1.74 per share from its earlier forecast of $1.64 to $1.67 per share

** LULU says sales during the key holiday shopping season remained strong

** Expects Q4 net revenue of $1.14 bln to $1.15 bln from earlier est. of $1.12 billion to $1.13 billion

** Analysts are expecting LULU to report a profit of $1.69 per share and revenue of $1.13 bln, according to IBES data from Refinitiv

** Up to Friday’s close, stock had risen about 67 pct in the past 12 months (Reporting by Laharee Chatterjee)

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