Investing.com - Lululemon Athletica (NASDAQ:LULU) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lululemon Athletica announced earnings per share of $0.22 on revenue of $652M. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $680.32M.
Lululemon Athletica shares are up 17% from the beginning of the year and are trading at $290.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.03% year to date.
Lululemon Athletica shares lost 5.83% 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 Friday, May 22, 2020, who reported EPS of $9.2 on revenue of $114.31B, compared to forecasts EPS of $6.05 on revenue of $107.45B.
Walmart had beat expectations on Tuesday, May 19, 2020 with first quarter EPS of $1.18 on revenue of $134.62B, compared to forecast for EPS of $1.12 on revenue of $132.69B.
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