Lululemon earnings rise on higher sales

TORONTO (Reuters) - Canadian yoga wear retailer Lululemon Athletica Inc reported an increase in quarterly earnings on Thursday as sales rose. Net income rose to $53.6 million, or 39 cents a share, from $47.7 million, or 34 cents, a year earlier. Revenue rose 14 percent to $514.5 million. (Reporting by Allison Martell; Editing by Steve Orlofsky)