Investing.com - Lululemon Athletica (NASDAQ:LULU) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lululemon Athletica announced earnings per share of $2.28 on revenue of $1.40B. Analysts polled by Investing.com anticipated EPS of $2.25 on revenue of $1.38B. That with comparison to EPS of $1.85 on revenue of $1.17B in the same period a year before.Lululemon Athletica had reported EPS of $0.96 on revenue of $916.14M in the previous quarter.Analysts are expecting EPS of $0.82 and revenue of $908.41M in the upcoming quarter.
Lululemon Athletica shares are down 13.32% from the beginning of the year and are trading at $197.04 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 10.28% year to date.
Lululemon Athletica shares lost 1.87% in after-hours trade the report.
Lululemon Athletica follows other major Services sector earnings this month
Lululemon Athletica's report follows an earnings beat by Costco on March 5, who reported EPS of $2.1 on revenue of $39.07B, compared to forecasts EPS of $2.06 on revenue of $38.21B.
Lowe’s had beat expectations on February 26 with fourth quarter EPS of $0.94 on revenue of $16.03B, compared to forecast for EPS of $0.91 on revenue of $16.15B.
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