Dec 6 (Reuters) - Canadian yoga and leisure apparel maker Lululemon Athletica Inc LULU.O on Wednesday reported a higher-than-expected profit and gave an upbeat holiday-quarter forecast, sending its shares up 6 percent in after-hours trading.
The company's total comparable sales rose 8 percent in the third quarter as its online sales jumped 26 percent.
Analysts on average had expected a 5.3 percent rise in same-store sales, according to Thomson Reuters I/B/E/S.
The company said it expects holiday-quarter sales of $870 million to $885 million and an adjusted profit of $1.19 to $1.22 per share.
Analyst on average were expecting revenue of $866 million and a profit of $1.17 per share.
The company's net income fell 13.8 percent to $58.9 million, or 43 cents per share, in the quarter ended Oct. 29, mainly due to an asset impairment charge of $21 million. items, the company earned 56 cents per share, beating the average analyst estimate of 52 cents.
Net revenue rose to $619 million from $544.4 million.
The company's board also approved a $200 million stock repurchase program.