Lululemon Athletica (Nasdaq: LULU) reported earnings on Dec. 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Oct. 28 (Q3), Lululemon Athletica beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.

Gross margins shrank, operating margins dropped, net margins grew.

Revenue details
 Lululemon Athletica booked revenue of $316.5 million. The 21 analysts polled by S&P Capital IQ anticipated sales of $305.4 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $230.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.39. The 21 earnings estimates compiled by S&P Capital IQ averaged $0.37 per share. GAAP EPS of $0.39 for Q3 were 44% higher than the prior-year quarter's $0.27 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 55.4%, 40 basis points worse than the prior-year quarter. Operating margin was 25.5%, 40 basis points worse than the prior-year quarter. Net margin was 18.1%, 120 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $489.5 million. On the bottom line, the average EPS estimate is $0.74.

Next year's average estimate for revenue is $1.38 billion. The average EPS estimate is $1.83.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,010 members out of 1,352 rating the stock outperform, and 342 members rating it underperform. Among 370 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give Lululemon Athletica a green thumbs-up, and 106 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lululemon Athletica is outperform, with an average price target of $79.53.

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