Lululemon Leaps on Beat-and-Raise Profits

Shares in Lululemon Athletica (LULU) rallied sharply Friday after the maker of yoga-inspired athletic apparel reported better-than-expected second-quarter earnings and raised its full-year outlook.

Lululemon jumped as much as 14%, or $5.03, to $40.88 a share at one point early in the session. Volume was heavy, running at nearly five-times its three-month average.

The Vancouver company said its second-quarter profit more than doubled to $21.8 million, or 30 cents a share, beating Wall Street's average estimate by 6 cents
Read Full Story

Markets

DJIA 25,058.12 -6.38 -0.03%
NASDAQ 7,820.20 -5.10 -0.07%
NIKKEI 225 22,697.88 -66.80 -0.29%
HANG SENG 28,224.48 213.62 0.76%
DAX 12,561.42 -124.87 -0.98%
USD (per EUR) 1.17 0.01 0.65%
USD (per CHF) 0.99 0.00 -0.03%
JPY (per USD) 111.43 0.04 0.03%
GBP (per USD) 1.31 0.00 0.06%