Why Lululemon Athletica Stock Crashed Today
Lululemon Athletica (NASDAQ: LULU) stock tumbled 15% through 10:05 a.m. ET Friday after the company reported the tiniest of sales misses -- and an earnings beat -- last night.
Heading into the yoga clothier's Q2 report, analysts forecast Lululemon would earn $2.85 per share on $2.54 billion in sales. Earnings beat, though, at $3.10 per share, and revenue missed by only $10 million at $2.53 billion.
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Source Fool.com
Lululemon Athletica Inc. Stock
€175.40
-0.350%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 54 Buy predictions and 6 Sell predictions.
With a target price of 323 € there is a hugely positive potential of 84.15% for Lululemon Athletica Inc. compared to the current price of 175.4 €.
