Shares of Lululemon Athletica (LULU) are on the move and rebounded on Friday after the company reported earnings after the close on Thursday.
As the session gets more mixed, Lululemon’s performance stands out. However, it is also fading from the session highs, giving investors some break en route into the long weekend.
The rally comes after the company reported better-than-expected earnings and revenue results. However, it was Lululemon’s strong guidance that really gave the stock a boost.
Management increased its full-year earnings outlook by 40 cents to a new range of $9.75 and $9.90 per share, with revenue expected between $7.87 billion and $7.94 billion.