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Lululemon shares surge after quarterly earnings beat. How to play the stock now

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  • 2 min. at publisher
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  • News: 11%
  • Publisher: 72%

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Pros on CNBC discussed Lululemon as the stock surged after Q1 earnings beats on top and bottom lines.

Market Movers rounded up the best reactions from investors and analysts on Lululemon . The experts, including Jim Cramer , discussed the athletic apparel company as its stock surged Friday.

Late Thursday, Lululemon posted strong fiscal first-quarter results that beat earnings and revenue estimates. Lululemon said its sales jumped 24% from a year ago. It now expects full-year revenue to be between $9.44 billion and $9.51 billion, up from its previous estimate of between $9.31 billion and $9.41 billion. The stock closed the trading day up more than 11%.

 

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