Yoga pants maker, Lululemon Athletica Inc. (NASDAQ: LULU) said on Thursday that fiscal second quarter net income fell 1.3% due to higher input costs, masking robust revenue growth. Both earnings and revenue topped analysts’ estimation but shares tumbled as the high-end yoga apparel maker handed weaker-than-expected guidance for the current quarter and slashed full-year outlook. For the full fiscal year, the Company now anticipates earnings to be in the range of $1.94 to $1.97 a share on revenue of $1.63 billion to $1.64 billion down from its earlier guidance of $1.96 to $2.01 a share on sales $1.65 billion to $1.67 billion.
Tag: LULU
Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE
Shares of LDK Solar Co. Ltd. (ADR) (NYSE: LDK) tumbled 10.98% by afternoon trade. The heavily indebted Chinese solar company said on Tuesday that fiscal first quarter loss widened. The Company blamed low panel prices for its poor show. Panel prices have fallen sharply due to oversupply in China and slowdown in Europe, where governments have been withdrawing subsidies due to the budget austerity drive. The Company said that net loss stood at $187.1 million or $1.21 per ADS compared to a loss of $185.2 million or $1.46 Per ADS, in the same quarter of last year. Revenue almost halved to $104.3 million.
Continue reading Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE
Lululemon Beats Q4 Estimates but Outlook weighed by Product Recall (LULU)
Athletic and yoga pant maker, Lululemon Athletica Inc. (NASDAQ: LULU) reported better-than-expected fiscal fourth quarter earnings and revenue on Thursday; nonetheless, the Company warned that fiscal first quarter and full-year results will feel the pinch due to a product recall.
Continue reading Lululemon Beats Q4 Estimates but Outlook weighed by Product Recall (LULU)
Major Movers on March 21; ORCL, GES, LULU, YHOO, KBH
Shares of Oracle Corporation (NASDAQ: ORCL) were hammered in premarket trading. The enterprise software handed lower-than-expected fiscal third quarter earnings and revenue, late last evening.
Continue reading Major Movers on March 21; ORCL, GES, LULU, YHOO, KBH
Major Movers on March 19; LULU, AFFY, EA, SKUL, BKW, WAG
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) slumped on Tuesday after the maker of yoga and athletic apparels said last evening that it will pull out its signature black luon fabric yoga pants from its stores, showroom and e-sales website after it was found that certain batch had “unacceptable level of sheerness”, the Company said.
Continue reading Major Movers on March 19; LULU, AFFY, EA, SKUL, BKW, WAG
Major Movers on January 15; LULU, DELL, AAPL, FRX, SNTS
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) slumped on Tuesday after the yoga and athletic apparel retailer late on Monday boosted its earnings projections for fiscal fourth quarter but remained in line with Street’s estimate and missed analysts’ revenue expectations.
Continue reading Major Movers on January 15; LULU, DELL, AAPL, FRX, SNTS
Major Movers on January 4; CSTR, MOS, LULU, ROVI, FINL
Shares of Coinstar Inc. (NASDAQ: CSTR), a provider of automated retail solutions, are down sharply in early trading today. At last check, CSTR shares were trading 6.13% lower at $48.86 on volume of 22,327. The stock fell to an intra-day low of $48.80 today.
Continue reading Major Movers on January 4; CSTR, MOS, LULU, ROVI, FINL
Major Gainers and Losers on September 7; SWHC, ADNC, BIOF, ULTA, INTC, LULU, AMD, CLF
Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC), a provider of products and services for safety, security, protection, and sport, rallied in trading today after the company reported record first-quarter fiscal 2013 financial results.
Lululemon Athletica Q1 Profit Rises 40% (LULU)
Lululemon Athletica Inc. (NASDAQ: LULU), designer and retailer of technical athletic apparel operating primarily in North America and Australia, today, reported that its first-quarter profit climbed 40%. Despite posting better-than-expected first-quarter earnings, LULU shares have fallen sharply in pre-market trading today.
Continue reading Lululemon Athletica Q1 Profit Rises 40% (LULU)