04:46 PM EST, 12/05/2024 (MT Newswires) -- Lululemon Athletica ( LULU ) late Thursday reported stronger-than-expected fiscal third-quarter results as the athletic apparel and footwear company benefitted from momentum in international markets.

The retailer's earnings per share rose to $2.87 during the three months through Oct. 27 from $1.96 the year before, topping the consensus on FactSet for $2.72. Revenue grew 9% year over year to $2.4 billion, above analysts' $2.36 billion estimate.

Shares were up 7.7% in after-hours trade.

Revenue in the Americas edged 2% higher, while international sales surged 33%.

Comparable sales gained 4% on a yearly basis, as a 2% decline in the Americas was more than offset by a 25% jump in international operations.

For the full year, earnings are now set to come in between $14.08 to $14.16 per share, up from its previous guidance of $13.95 and $14.15. Revenue is pegged at $10.45 billion to $10.49 billion versus prior projections of $10.38 billion to $10.48 billion. The consensus is for GAAP EPS of $13.91 and revenue of $10.45 billion.

Lululemon expects EPS to be in a range of $5.56 to $5.64 for the fourth quarter and revenue of $3.48 billion to $3.51 billion. The Street is looking for GAAP EPS of $5.65 and revenue of $3.5 billion.

The company said its board approved a $1 billion increase to Lululemon's stock repurchase program on Tuesday, taking its remaining authorization to $1.8 billion.