These Analysts Cut Their Forecasts On Lululemon After Q2 Results
Lululemon missed Q2 revenue estimates and slashed FY revenue and EPS guidance, sending shares down 20%; analysts cut price targets.
Lululemon didn't make as much money as expected last quarter and said it won't make as much this year either, so people who study stocks lowered how much they think it's worth. When a company disappoints and experts lose confidence, it's a signal to watch how well the company bounces back.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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