Canadian yoga and leisure apparel maker Lululemon Athletica Inc on Wednesday reported a higher-than-expected profit and gave an upbeat holiday-quarter forecast, sending its shares up almost 7 percent in after-hours trading.
Looking ahead, Lululemon forecast Q4 EPS of $1.19 to $1.22, ahead of the $1.17 per share analysts are looking for, and revenues ranging from $870 to $885 million, versus Wall Street's estimate of $869.64 million. Investors might consider the stock as a long term growth candidate as the firm has yielded 11.80% earnings per share growth over the past 5 years and 18.60% revenue growth over that same time frame. On a constant dollar basis, comparable sales were up 7%. During the same period in the prior year, the company posted $0.50 EPS.
Comtech Telecommunications Corp. (CMTL) is set to report its first-quarter results after the market closes today, with analysts expecting a loss of $0.29 per share amd revenue of $106.94 million.
A strong third-quarter performance at Lululemon Athletica Inc. should dispel industry fears that the athleisure apparel trend is dead. Last year, Comtech reported net loss of $2.5 million or $0.11 per share, and net sales of $135.8 million. (NASDAQ:LULU) in the 3rd quarter, according to its most recent filing with the SEC.
The company said its targeted marketing efforts helped it attract new customers to its stores and website and also generate more sales from loyal shoppers. With only 17 new locations opened, total stores in the Lululemon network were down 33 to 388 by the end of the quarter. 104.73 million shares or 1.75% less from 106.59 million shares in 2017Q1 were reported.
CEO Laurent Potdevin was pleased with the success that Lululemon has achieved. "The strength of our Q3 earnings supports our unique position as the global brand defining an active, mindful lifestyle". During the past six months, Lululemon Athletica Inc.
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Lululemon is also enthusiastic about its future. Most recently, the company updated its fourth-quarter guidance, now projecting revenue to be at the higher end of the business outlook provided earlier. Andra Ap owns 0.05% invested in Lululemon Athletica Inc. Analysts polled by Thomson Reuters estimate earnings of $4.52 per share on revenue of $4.83 billion for the quarter. The stock has a market capitalization of $9,100.31, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.49 and a beta of 0.19. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. Winslow Asset Management Inc acquired 55,595 shares as Lululemon Athletica In Com (LULU)'s stock declined 26.14%. Hhr Asset Mngmt Limited Company stated it has 4.94% in Lululemon Athletica Inc.
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Lululemon also said innovative new fabrics used in its women's trousers, launched in the third quarter, were a hit with customers, improving sales in the category by 24 percent.
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However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Shares have moved $-1.95 over the past month and more recently, $-0.74 over the past week heading into the earnings announcement.
Just be sure to take advantage of the promotion while it's active, or you'll miss out on getting the game for free. Ubisoft thought this was a good reason to celebrate, so players will get a special surprise this holiday season.
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The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations.
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