Why Lululemon Stock Was Diving Today
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
