Lululemon Athletica slips as revenues fall short of the Street

Shares of Lululemon Athletica Inc. (Nasdaq: LULU) are losing ground in pre-market trading after the Canadian athletic apparel company this morning reported that second-quarter revenues leaped 50%, but fell short of the Street. Earnings surged 125% in the quarter in a tough retail environment. The company reaffirmed guidance.

Shares skidded 10%, or $1.75, to $16.25 in pre-market trading. For detailed price information and news stories on Lululemon Athletica, click LULU.

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