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Lululemon is set to open at a record high, but a top analyst says shares are fully valued (LULU)

Lululemon is set to open at a record high, but a top analyst says shares are fully valued (LULU)
Facebook/Lululemon



Lululemon Athletica was set to open at a record high Thursday after its fourth-quarter report beat across the board.




Thursday's Q4 revenue number topped the company's preannounced guidance from January.




Lululemon shares were trading up nearly 14% ahead of Thursday's opening bell.




Watch Lululemon Athletica trade live.




Lululemon Athletica shares were set to open at a record high Thursday morning after the company announced fourth-quarter results that 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.
Luluemon said it sees full-year earnings per share of between $4.48 and $4.55 a share, beating the $4.41 that Wall Street analysts surveyed by Bloomberg were anticipating.
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