*Sees FY earnings/shr $2.65- $2.70 vs previous guidance $2.60- $2.70. The company now expects full-year adjusted earnings of $2.65 to $2.70 per share- at the upper half of its previous guidance of $2.60 to $2.70 per share.
The company's net profit rose to $72.3 million, or 59 cents per share, from $26.9 million, or 22 cents per share, a year earlier.
*Company sees Q1 EPS $0.28- $0.30, vs $0.32 a year earlier. *Shares rise 1.7 percent to C $66.47 in Toronto. TORONTO, March 21- Yogawear chain Lululemon Athletica Inc said on Thursday it could lose up to $40 million in profit this fiscal year because of its decision to pull defective workout pants from its shelves.
*Company sees Q1 EPS $0.28- $0.30, vs $0.32 a year earlier. *Shares rise 1.9 percent to C $66.61 in Toronto. TORONTO, March 21- Lululemon Athletica Inc said on Thursday it expects earnings to drop in the current quarter, hurt by a recall of its trendy workout pants, and reported results for the quarter ended Feb. 3 that came in slightly ahead of forecasts.
*Taiwan supplier says Lululemon misjudged consumer tastes. *Shares down 3.3 pct on Toronto Stock Exchange.
*Taiwan supplier says Lululemon misjudged consumer tastes. *Shares drop 4 pct on Toronto Stock Exchange.