By  on December 12, 2013

Lululemon Athletica Inc.’s shares dropped 11.7 percent Thursday after the company, whose third quarter results beat Wall Street’s consensus by 4 cents, provided fourth-quarter guidance below analysts’ expectations.

The company guided fourth quarter diluted EPS in the range of 78 to 80 cents, on a net revenue range of between $535 million and $540 million. It also forecasted flat comps for the quarter on a constant-dollar basis. Analysts’ consensus pegged EPS at 84 cents on net revenue of $572.5 million.

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