Lululemon Crushes Earnings Estimates, Boosts Guidance, And The Stock Is Surging In The Pre-Market

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Lulelemon reported better than expected earnings this morning, crushing analyst estimates, according to

The company reported EPS of $0.46, crushing expectations of $0.36. The company also raised fiscal year 2011 guidance to an EPS of $2.10-2.16, from $1.90-2.00, according to

Shares of the company’s stock are surging in the pre-market, up 6.55%. The company was downgraded in late May, and its share price took a hit.

Don’t miss: The details behind Lululemon’s surge >

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