Why Lululemon Stock Was Diving Today

Jeremy Bowman, The Motley Fool
·2 min read
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. 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. On the bottom line, earnings per share increased from an adjusted figure of $1.62 in the quarter a year ago to $2.00, edging out the consensus at $1.97.

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