lululemon athletica LULU reported earnings Wednesday afternoon for its fiscal Q1 of 74 cents per share, 3 cents better than the Zacks consensus. Revenues came in well above estimates: $782 million depicts 20% growth year over year, and is well beyond the $757 million we had expected. Comps in the quarter were up a robust 14%, partially due to 33% growth in direct-to-consumer sales.Further, gross margins rose 80 basis points year over year to 53.9% in the quarter. This marks the ninth straight earnings report LULU has posted a positive earnings surprise, with the trailing 4-quarter average around +20%.Guidance was a tad lighter than anticipated, however, considering the big moves above expectations: Full-year earnings of $4.51-4.58 per share is below the Zacks consensus $4.60, while the revenue range of $3.73 billion - $3.77 billion compares with the previous Zacks estimate of $3.76 billion. Shares are up 2.8% in the late session, after initially trading down on the news. For more on LULU's earnings, click here.Restoration Hardware RH blew the doors off its Q1 expectations, putting up $1.85 per share on $599 million in sales, compared to Zacks consensus figures of $1.54 per share and $583 million, respectively. The high-end furniture retailer has not missed an earnings estimate in 3 full years.Full-year guidance was also well beyond what analysts were looking for: for the full year, RH expects earnings of $8.76-9.27 per share -- leaving the Zacks consensus $8.33 in the dust. Revenues are guided to a range of $2.64-2.66 billion, whereas the Zacks consensus estimate had been for $2.61 billion. After-market trading has RH up a whopping 24% at this hour.CEO Gary Friedman will be leading a conference call for Restoration Hardware at the 5pm PT to let analysts know how he was able to pull off the magic once again. I thought this was supposed to be a weak economy for retail?The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report lululemon athletica inc. (LULU): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research