Lululemon Athletica was set to open at a record high Thursday after its fourth-quarter report beat across the board.
The athletic-apparel retailer earned an adjusted $1.85 a share on revenue of $1.2 billion, topping the $1.74 and $1.15 billion that was expected by the Bloomberg consensus. The revenue number was particullarly impressive as Lululemon in January raised its guidance for Q4 to a range between $1.14 billion and $1.15 billion.
The impressive results sent shares soaring in after-hours trading on Wednesday. They were set to open higher on Thursday by about 14%, at what would be a record high of $167.25.
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