Lululemon shares rise after it beats expectations and raises outlook

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The athleisure apparel retailer reported second quarter earnings per share of $2.68 on revenue of $2.2 billion. Analysts expected earnings per share of $2.54 on revenue of $2.17 billion. Total revenue was up 18% from the same time last year.

Total comparable store sales rose 11%. Direct to consumer net revenue rose 15%.

Shares rose 0.4% in after-hours trading and were up 19% so far this year.

The company sees third quarter profit of $2.23 to 2.28 a share and revenue of $2.17 billion to $2.19 billion. 

For the full year, profit is seen in a range of $12.10 to $12.17 a share and revenue in a range of $9.51 billion to $9.57 billion.