Investing.com – Lululemon Athletica (NASDAQ:) reported on Tuesday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Lululemon Athletica announced earnings per share of $0.74 on revenue of $902.9M. Analysts polled by Investing.com anticipated EPS of $0.54 on revenue of $842.31M.
Lululemon Athletica shares are up 50.99% from the beginning of the year, still down 12.53% from its 52 week high of $399.88 set on September 2. They are outperforming the Nasdaq which is up 20.9% from the start of the year.
Lululemon Athletica shares lost 1.31% in after-hours trade following the report.
Lululemon Athletica follows other major Services sector earnings this month
Lululemon Athletica’s report follows an earnings beat by Alibaba ADR on August 20, who reported EPS of $14.82 on revenue of $153.75B, compared to forecasts EPS of $13.82 on revenue of $148B.
Walmart had beat expectations on August 18 with second quarter EPS of $1.56 on revenue of $137.7B, compared to forecast for EPS of $1.25 on revenue of $135.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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