Lululemon’s ($LULU@Canada) shares surged about 11 percent in after-hours trading on Tuesday after the athletic apparel company's strong fourth-quarter results. Earnings per share were $4.40 adjusted versus the $4.26 expected, and revenue was $2.77 billion versus the $2.7 billion expected. Revenue rose to $2.77 billion from $2.13 billion a year ago. The company expects fiscal 2023 revenue of between $9.3 billion and $9.41 billion, exceeding Wall Street’s expectations of $9.14 billion. At the end of its third quarter in December, Lululemon’s inventories were up 85 percent year-over-year, while at the end of 2022, inventories were up 50 percent.
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