NewsFeeder
12-06-2018, 03:30 PM
Lululemon stock slides after earnings
Lululemon Athletica Inc. shares dropped in late trading Thursday, after the athletic-wear company reported earnings that beat expectations. Lululemon reported earnings of 71 cents a share on revenue of $747.7 million, up from $619 million a year ago. After adjustments for taxes and other effects, the company claimed earnings of 75 cents a share, up from 56 cents a share in the year-ago quarter. Analysts on average expected adjusted earnings of 69 cents a share on sales of $738 million, according to FactSet. The company also increased its guidance for full-year profits, and met analysts' expectations for its fourth-quarter forecast. The stock immediately plunged about 10% after the numbers were released, but then clawed back, trading about 5% lower. Shares closed with a 1.6% decline at $131.44, but have gained 67.3% so far this year, as the S&P 500 index has gained 1%.
https://finance.yahoo.com/m/e58c56a5-5628-33e0-a205-49d1f5cb4b2a/lululemon-stock-slides-after.html?.tsrc=rss
Lululemon Athletica Inc. shares dropped in late trading Thursday, after the athletic-wear company reported earnings that beat expectations. Lululemon reported earnings of 71 cents a share on revenue of $747.7 million, up from $619 million a year ago. After adjustments for taxes and other effects, the company claimed earnings of 75 cents a share, up from 56 cents a share in the year-ago quarter. Analysts on average expected adjusted earnings of 69 cents a share on sales of $738 million, according to FactSet. The company also increased its guidance for full-year profits, and met analysts' expectations for its fourth-quarter forecast. The stock immediately plunged about 10% after the numbers were released, but then clawed back, trading about 5% lower. Shares closed with a 1.6% decline at $131.44, but have gained 67.3% so far this year, as the S&P 500 index has gained 1%.
https://finance.yahoo.com/m/e58c56a5-5628-33e0-a205-49d1f5cb4b2a/lululemon-stock-slides-after.html?.tsrc=rss