lululemon shares surge on strong third quarter results
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Lululemon Athletica Inc (NASDAQ:LULU) shares surged premarket following impressive third quarter earnings. The company's revenue increased by 9% year-over-year to $2.4 billion, surpassing Wall Street estimates of $2.36 billion.
December 06, 2024 | 2:45 pm
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Lululemon's shares surged due to strong Q3 earnings, with revenue growing 9% year-over-year to $2.4 billion, beating Wall Street's expectations.
Lululemon's better-than-expected earnings report, with a significant revenue increase, is a positive indicator for the company's financial health and growth prospects, likely driving the stock price up in the short term.
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