Lululemon Stock Soars on Earnings Beat and Raised Guidance
Lululemon Athletica (NASDAQ: LULU) reported powerful results for its second quarter of fiscal 2021 (which ended Aug. 1) after the market close on Wednesday.
Shares of the athletic wear and athleisure wear retailer were up 11.8% at 11:58 a.m. EDT on Thursday. The market's reaction is attributable to revenue and earnings sprinting past Wall Street's consensus estimates, third-quarter guidance coming in higher on both the top and bottom lines than analysts had been expecting, and management solidly increasing its full-year guidance for both revenue and earnings.
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Source Fool.com
