Investing.com - Lululemon Athletica (NASDAQ:LULU) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lululemon Athletica announced earnings per share of $1.16 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $0.9012 on revenue of $1.12B.
Lululemon Athletica shares are down 8.8% from the beginning of the year and are trading at $325.67 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 4.98% from the start of the year.
Lululemon Athletica shares gained 2.60% 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 Walmart on Tuesday, May 18, 2021, who reported EPS of $1.69 on revenue of $138.31B, compared to forecasts EPS of $1.21 on revenue of $132.16B.
Home Depot had beat expectations on Tuesday, May 18, 2021 with first quarter EPS of $3.86 on revenue of $37.5B, compared to forecast for EPS of $3.08 on revenue of $34.82B.
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