Why Lululemon Shares Are Trading Higher By 15%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Lululemon shares rose 15.1% in pre-market trading after reporting better-than-expected Q1 earnings and sales results. The company expects full-year revenue to be between $9.44 billion and $9.51 billion, up 17% YoY at the mid-point, and EPS to be in the range of $11.74 to $11.94.
June 02, 2023 | 11:58 am
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Lululemon shares rose after better-than-expected Q1 earnings and sales results, with an optimistic full-year guidance.
Lululemon reported better-than-expected earnings and sales results for Q1, which is a positive sign for investors. The company also provided an optimistic full-year guidance, indicating strong performance and growth in the future. This news is likely to have a positive impact on Lululemon's stock price in the short term.
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