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 Thursday, March 5, 2020, 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 Wednesday, February 26, 2020 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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