Lululemon (LULU) Bulls Eager to Look Past Near-Term Quality Issues
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UPDATE: lululemon athletica (LULU) Tops Q4 EPS by 1c; Guides Q1 EPS, Revs Below Views
March 21, 2013 7:17 AM EDT(Updated - March 21, 2013 7:39 AM EDT)
lululemon athletica, inc. (Nasdaq: LULU) reported Q4 EPS of 75 cents, topping analyst estimates calling for 74 cents. Revenue for the quarter came in at $485.5 million versus the consensus estimate of $482.59 million.
Comps for the fourth quarter increased by 10 percent on a constant dollar basis, adjusted for an extra week.
In the same period last year,... More
Trading Radar for 03/21: Nike (NKE), lululemon (LULU), Micron (MU), KB Home (KBH) Report
March 20, 2013 3:25 PM EDTThe Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:
Before Markets Open
Economics:
8:30am ESTInitial Claims - Street sees 345K
Continuing Claims - Street sees 3065K
9:00am ESTFHFA Housing Price Index - no Street consensus
Earnings:
Cato Corp. (NYSE:... More
Rapid Growth Leads to Quality Issues at Lululemon (LULU), Analyst Maintains Buy
March 19, 2013 10:46 AM EDTYesterday lululemon athletica inc. (NASDAQ: LULU) announced it expects a shortage in its supply of black Luon pants and crops. Specifically, the Company discovered that a shipment of black luon had a degree of sheerness in product that did not meet standards.
On one hand, the recall is a strong example of Lululemon... More
UPDATE: Sterne Agee Downgrades Lululemon Athletica Inc. (LULU) to Neutral
March 19, 2013 7:30 AM EDT(Updated - March 19, 2013 7:56 AM EDT)
Sterne Agee downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Buy to Neutral after the company warned of Luon pant problems and lowered its outlook.
"We suggest a wait and see mode until the Luon pant problem is resolved,"... More
