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  7. Lululemon stock exhales on lowered outlook

Lululemon stock exhales on lowered outlook

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12 Jun 2014 13:50 #195681 by chairman
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.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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