Investing.com – Lululemon Athletica (NASDAQ:) reported on Thursday first quarter that missed analysts’ forecasts and revenue that fell short of expectations.
Lululemon Athletica announced earnings per share of $0.22 on revenue of $652M. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $680.32M.
Lululemon Athletica shares are up 17% from the beginning of the year , still down 5.17% from its 52 week high of $324.75 set on June 10. They are outperforming the which is down 7.03% year to date.
Lululemon Athletica shares lost 5.83% in after-hours trade following the report.
Lululemon Athletica follows other major Services sector earnings this month
Lululemon Athletica’s report follows an earnings beat by Alibaba ADR on May 22, who reported EPS of $9.2 on revenue of $114.31B, compared to forecasts EPS of $6.05 on revenue of $107.45B.
Walmart had beat expectations on May 19 with first quarter EPS of $1.18 on revenue of $134.62B, compared to forecast for EPS of $1.12 on revenue of $132.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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