LULU - An Opportunity To Buy The Dip: Lululemon Athletica Shares Get Slapped After The Company Beats On Earnings And Revenue | Benzinga
Stock Gets Slapped After A Double Beat
Shares of Lululemon Athletica, Inc. (NASDAQ: LULU) closed down15.8% on Friday, after the company beat on both top and bottom lines after the close yesterday. The company's earnings per share of $5.29 beat by $0.26, and its revenue of $3.21 billion beat by $10 million. Ostensibly, the stock was down because the company released weaker-than-expected guidance for the year, but one of the top retail analysts I follow, Jeff Mackey, felt the market was overreacting when LULU was down about 12% after hours on Thursday.
Lulu's guide isn't as bad as it sounds. "Guiding q1 Rev higer" > "Calling US consumers slow" Says in the ...