Lululemon Athletica's Outlook Falls Short
Posted on June 07, 2012 at 13:02 PM EDT
First quarter earnings climbed for Lululemon Athletica Inc. (Nasdaq: LULU) to 32 cents per share compared with 23 cents per share in the year ago period as revenue soared but the athletic apparel retailer forecast current quarter as well as full year results below analyst expectations sending the stock price plummeting $6.16 to $63.86.
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