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Why Lululemon Stock Was Diving Today

TheMotleyFool

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Why Lululemon Stock Was Diving TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Shares of Lululemon Athletica (NASDAQ: LULU) were doing a downward dog today after the yoga apparel retailer posted a solid third-quarter earnings report, but guidance came up a bit short.

As a result, the stock was down 13.6% as of 2:19 p.m. EST.

Lululemon posted strong results in the third quarter as comparable sales jumped 22%, and overall revenue rose 28% to $1.86 billion, which beat estimates at $1.81 billion.

Source Fool.com

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