Lululemon Athletica Inc. Q1 Profit Declines 5%

(RTTNews) - Lululemon Athletica Inc. (LULU) released earnings for first quarter that decreased from last year.

The company said its bottom line dropped to $45.34 million, or $0.33 per share. This was lower than $47.81 million, or $0.34 per share, in last year's first quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.0% to $495.52 million. This was up from $423.54 million last year.

Lululemon Athletica Inc. earnings at a glance:

-Earnings (Q1): $45.34 Mln. vs. $47.81 Mln. last year. -Earnings Decline (Y-o-Y): -5.2% -EPS (Q1): $0.33 vs. $0.34 last year. -EPS Decline (Y-o-Y): -2.9% -Analysts Estimate: $0.31 -Revenue (Q1): $495.52 Mln vs. $423.54 Mln last year. -Revenue Change (Y-o-Y): 17.0%

-Guidance: Next quarter EPS guidance: $0.36 - $0.38 Next quarter revenue guidance: $505 - $515 Mln Full year EPS guidance: $2.05 - $2.15 Full year revenue guidance: $2.305 - $2.345 Bln