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+--- Thread: Lululemon stock exhales on lowered outlook (/thread-18454.html)
Lululemon stock exhales on lowered outlook - chairman - 06-12-2014
Trendy yogawear retailer Lululemon Athletica cut its full-year earnings forecast even as it reported first-quarter earnings that beat analysts' estimates.
Its shares flopped 15% to $37.74 in late-morning trading Thursday.
Adjusted full-year earnings per share may be $1.71 to $1.76, down from an earlier estimate of as much as $1.90, the company said. Its "reduced outlook" calls for second-quarter sales of $375 million to $380 million, short of the $387 million predicted by analysts, Bloomberg News reported.