STOCKS | Lululemon Q2 Net Revenue Misses Estimates, Cuts Full-Year Outlook

According to Wallstreetcn, Lululemon reported second-quarter net revenue of $2.42 billion versus analysts' expectations of $2.46 billion, while comparable sales excluding currency effects fell 9% and analysts had expected a 4.28% decline. The company now expects full-year net revenue of $10.35 billion to $10.5 billion, down from its prior forecast of $11 billion to $11.15 billion, and full-year EPS of $9.48 to $9.73, down from $10.95 to $11.15. Lululemon fell 18% in after-hours U.S. trading.