Investor Alert

Earnings Results Archives | Email alerts

Sept. 8, 2020, 4:24 p.m. EDT

Lululemon stock wobbles after earnings beat

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    lululemon athletica inc. (LULU)

or Cancel Already have a watchlist? Log In

By Wallace Witkowski

Lululemon stock wobbles after earnings beat

Lululemon Athletica Inc. LULU /zigman2/quotes/204011506/composite LULU +2.79% shares fluctuated between slight gains and losses in the extended session Tuesday after the athletic apparel company topped Wall Street estimates for the quarter. Lululemon shares, which had been down as much as 2% after hours, were last up 1.4%, following a 3.2% decline in the regular session to close at $349.80. The company reported second-quarter net income of $86.8 million, or 66 cents a share, compared with $125 million, or 96 cents a share, in the year-ago period. Adjusted earnings were 74 cents a share. Revenue rose to $902.9 million from $883.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 56 cents a share on revenue of $844.5 million. The company said it was not providing an outlook because of COVID-19, but Chief Executive Calvin McDonald said in a statement, “We are cautiously optimistic with regard to the second half of the year as we continue to navigate the uncertain environment.” Analysts expect earnings of 94 cents a share on revenue of $977.6 million in the third quarter.

US : U.S.: Nasdaq
$ 330.24
+8.96 +2.79%
Volume: 860,000
May 7, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$41.87 billion
Rev. per Employee

Get news alerts on lululemon athletica inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.