Lululemon Athletica Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Lululemon Athletica Inc. (LULU) released a profit for second quarter that decreased from the same period last year.

The company's earnings totaled $86.80 million, or $0.66 per share. This compares with $124.99 million, or $0.96 per share, in last year's second quarter.

Excluding items, Lululemon Athletica Inc. reported adjusted earnings of $96.30 million or $0.74 per share for the period.

Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $902.94 million from $883.35 million last year.

Lululemon Athletica Inc. earnings at a glance:

-Analysts Estimate: $0.55 -Revenue (Q2): $902.94 Mln vs. $883.35 Mln last year.