lululemon athletica inc stock fell more than 10 in the extended session thursday after the athleisurewear maker reported mixed quarterly results and saw inventories soar lululemon lulu earned 735 million or 2 a share in the third quarter compared with 541 million or 144 a share in the same quarter last year adjusted for onetime items lululemon lulu earned 162 a share revenue rose 28 to 19 billion the company said samestore sales were up 22 analysts polled by factset expected lululemon to earn 197 a share on revenue of 181 billion samestore sales were expected to rise 191 “we are proud to have delivered another quarter of strong sales and earnings growth despite an operating environment that remains dynamic” chief financial officer meghan frank said in a statement the retailer said inventories ended the quarter up 85 to 17 billion compared with 900 million at the end of the third quarter of 2021 “the company believes its inventories are wellpositioned to support its expected revenue growth in the fourth quarter” it said lululemon guided for fourthquarter revenue between 2605 billion and 2655 billion and adjusted eps between 420 and 430 for the full year the company expects revenue between 7944 billion and 7994 billion and adjusted eps between 987 and 997 factset consensus calls for eps of 992 on sales of 7935 billion analysts were relatively upbeat about lululemon heading into the results saying the company was able to keep its prices higher even as other retailers cut their prices retailers have slashed prices on clothing in an effort to clear shelves and entice customers following an inflationinduced shift in consumer spending to necessities but raymond james analysts in a note this week said they found that lululemon “didn’t have broadbased promotions” in the third quarter or the fourth quarter so far they said that the company leaned on its “we made too much” section to iron out its inventories and they noted a jump in downloads for lululemon’s app however they said business in china “could be a curveball” amid that nation’s covid19 restrictions piper sandler analysts in october also said that lululemon remained more insulated than other clothing retailers from big markdowns lululemon stock is down 4 so far this year the sp 500 index spx  by comparison has slid 17 over that time claudia assis in san francisco contributed to this report