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Lululemon shares surge after quarterly earnings beat. How to play the stock now

Garry Wills by Garry Wills
June 2, 2023
in Business Finance
Lululemon shares surge after quarterly earnings beat. How to play the stock now
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Market Movers rounded up the best reactions from investors and analysts on Lululemon . The experts, including Jim Cramer , discussed the athletic apparel company as its stock surged Friday. Late Thursday, Lululemon posted strong fiscal first-quarter results that beat earnings and revenue estimates. Lululemon said its sales jumped 24% from a year ago. It now expects full-year revenue to be between $9.44 billion to $9.51 billion, up from its previous estimate of $9.31 billion to $9.41 billion. The stock closed the trading day up more than 11%.

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