Lululemon Raises Earnings and Revenue Guidance. The Stock Shrugs.
Lululemon Athletica raised its earnings and revenue guidance for the fourth quarter, yet the stock was languishing Monday. Lululemon said it expects net revenue in the range of $3.56 billion to $3.58 billion, up from $3.475 billion to $3.51 billion. Earnings per share are now estimated at $5.81 to $5.85, versus previous guidance of $5.56 to $5.64.