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Lululemon (LULU) falls 6.1% premarket after disclosing Q2 results and beating estimates. The...

Lululemon (LULU) falls 6.1% premarket after disclosing Q2 results and beating estimates. The company steered guidance for FY11 to revenue of $930M-$950M and EPS in a range of $1.10-$1.14, falling on the higher end of analyst estimates - but well-below the company's previous guidance.
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Comments (3)
  • Bill Maurer
    , contributor
    Comments (5812) | Send Message
     
    Company beat on both top and bottom line for this quarter. Full-year guidance seems to be okay, but the next quarter's guidance was the troublesome part.
    9 Sep 2011, 08:07 AM Reply Like
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    It will be interesting to see what happens in the market today with LULU. SODA announced similar earnings performance last month and got cut in half.

     

    Wondering if we will see the same with LULU today.
    9 Sep 2011, 08:23 AM Reply Like
  • Bill Maurer
    , contributor
    Comments (5812) | Send Message
     
    I don't think we'll have a repeat performance. LULU is a $7 billion plus company, whereas Soda was less than $1.5 billion. LULU is also further along in its growth stage, and people were expecting a lot out of SODA's quarter. LULU has actually come back in the premarket. Currently down only 2.5% compared to the 5-6% range earlier.
    9 Sep 2011, 08:46 AM Reply Like
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