Shares of Lululemon Athletica Inc. (LULU) reversed ear♒lier losses and surged over 5% to reach a record higꦰh in intraday trading Friday after the retailer reported earnings that beat estimates, though its outlook missed analyst projections.

Lululemon said current-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) would be between $4.85 and $4.93, while analysts were looking for $4.80 to $5.19. The company’s revenue outlook of $3.135 billion to $3.170 billion for the fourth quarter was slightly below estimates of $3.18 billion.

For the third quarter, he company reported EPS of $2.53, more than anticipated, while revenue of $2.19 billion was in line with expectations. Chief Executive Officer (CEO) Calvin McDonald said 澳洲幸运5官方开奖结果体彩网:Black Friday this year was the single biggest sales day in the company's history, and that the company was “pleased with the trends we’ve seen at the start of the holiday season.” However, 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Meghan Frank added that Lululemon “remains aware of the uncertainties in the macro environment, and we continue to plan the business for multiple scenarios.” 

Total 澳洲幸运5官方开奖结果体彩网:comparable sales were up 13% from a year ago, more than expected, with direct-to-consumer sales rising 18%. Comparable෴ sales at its stores were up 9%, missing ܫestimates. 

Lululemon also announced that it would expand its 澳洲幸运5官方开奖结果体彩网:stock repurchase program by $1 billion.

A🦄fter initially declining, shares of Lululemon Athletica were up 5.2% to $488.80 per share as of about 12:50 p.m. ET Friday. They’ve gained more than 50% so far thi💞s year.