05:57 AM EST, 12/06/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Lululemon Athletica's ( LULU ) shares were up more than 8% in premarket activity Friday after the company reported overnight a year-over-year surge in fiscal Q3 earnings and revenue, and raised its guidance for the full year.

The company reported fiscal Q3 earnings late Thursday of $2.87 per diluted share, up from $1.96 a year earlier.

Analysts polled by FactSet expected $2.71.

Revenue for the quarter ended Oct. 27 was $2.40 billion, up from $2.20 billion a year earlier.

Analysts surveyed by FactSet expected $2.36 billion.

The company said it expects fiscal Q4 diluted EPS of $5.56 to $5.64 on revenue of $3.48 billion to $3.51 billion. Analysts polled by FactSet expect EPS of $5.62 on revenue of $3.50 billion.

For fiscal year 2024, the company said it expects diluted EPS of $14.08 to $14.16 on revenue of $10.45 billion to $10.49 billion. The previous guidance was for EPS of $13.95 to $14.15 on revenue of $10.38 billion to $10.48 billion. Analysts surveyed by FactSet expect EPS of $13.97 on revenue of $10.44 billion.

Price: 373.65, Change: +28.84, Percent Change: +8.36