Lululemon Beats Earnings and Raises Guidance.

Lululemon Athletica beat estimates and raised fiscal-year guidance. But the stock wavered around the breakeven point Thursday, as same-store sales came in below expectations.

Lululemon also raised guidance for the quarter. The company now expects net revenue to range between $9.51 billion to $9.57 billion. Diluted earnings per share are expected to be in the range of $12.02 to $12.17 for the year. Previous guidance called for revenue to clock in between $9.44 billion and $9.51 billion. Earnings per share were expected to range between $11.74 to $11.94 for the year.Still, shares of Lululemon dipped 0.3% in after-hours trading Thursday.

“While the macro environment has become increasingly challenging, we’ve seen that high momentum brands have continued to perform well,” wrote Wedbush analyst Tom Nikic in a Wednesday note. Lululemon is one of those brands, he added.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Inflation data, Broadcom earnings, Lululemon: 3 things to watch By Investing.comInflation data, Broadcom earnings, Lululemon: 3 things to watch
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Dell’s stock soars as company easily beats on earningsDell Technologies Inc. shares were surging 10% in aftermarket trading Thursday after the technology giant posted sizable beats on profit and revenue. The...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

CrowdStrike Raises Forecasts as Earnings Top EstimatesThe security-software company's revenue was above both the Wall Street consensus estimate and management's forecast.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »