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lululemon athletica inc.

09:52 AM EST - lululemon athletica inc. : announced financial results for the first quarter ended May 1, 2011. Net revenue for the quarter increased 35% to $186.8 million from $138.3 million in the first quarter of fiscal 2010. Income from operations increased by 59% to $51.7 million over the first quarter of fiscal 2010. Comparable stores sales for the first quarter increased by 16% on a constant-dollar basis. lululemon athletica inc. shares T.LLL are trading up $4.81 at $88.71.