These Analysts Cut Their Forecasts On Lululemon After Q2 Results

Lululemon Athletica Inc (NASDAQ: LULU) posted mixed financial results for the second quarter after the closing bell on Thursday. Lululemon reported second-quarter revenue of $2.42 billion, missing the consensus estimate of $2.46 billion, according to Benzinga Pro.

The athletic and leisure apparel company reported second-quarter earnings of $2.92 per share, which may not compare to estimates. Lululemon lowered its full-year revenue outlook from a range of $11 billion to $11.15 billion to a new range of $10.35 billion to $10.50 billion, versus estimates of $11.04 billion.

The company also lowered its full-year earnings guidance from a range of $10.95 to $11.15 per share to a new range of $9.48 to $9.73 per share, versus estimates of $10.96 per share.