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Lululemon Athletica Boosts Q4 Outlook
(RTTNews) - Ahead of the meeting with analysts and investors at the ICR Conference later on Monday, athletic apparel company lululemon athletica inc. (LULU) raised its earnings and revenue guidance for the fourth quarter.
For the fourth quarter, the company now expects earnings in a range of $4.96 to $5.00 per share on net revenue between $3.170 billion and $3.190 billion.
Previously, the company expected earnings in the range of $4.85 to $4.93 per share on net revenue between $3.135 billion and $3.170 billion.
On average, analysts polled by Thomson Reuters currently expect the company to report earnings of $4.97 per share on revenues of $3.18 billion for the quarter.
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Lululemon Sues Costco Over Alleged Sale Of Fashion Dupes
Lululemon Athletica Inc. has filed a lawsuit against retail major Costco Wholesale Corp. for allegedly selling knockoff or dupe versions of its popular fashion products, including pants, hoodies and jackets, at significantly cheaper price than its originals.
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Lululemon Athletica Boosts Q4 Revenue Outlook - Quick Facts
Ahead of the meeting with analysts and investors at the ICR Conference, athletic apparel company lululemon athletica inc. (LULU) on Monday narrowed its earnings guidance range for the fourth quarter, while raising net revenue outlook for the quarter.
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Indonesia Bourse May Add To Its Winnings On Monday
The Indonesia stock market on Friday snapped the two-day slide in which it had slipped more than 25 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,530-point plateau and it may extend its gains on Monday.
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Higher Open Called For Hong Kong Stock Market
The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,850-point plateau although it may bounce higher again on Monday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
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il y a 36 minutes
Mild Upside Seen For China Stock Market
The China stock market on Friday halted the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just above the 3,635-point plateau although it may tick higher again on Monday.
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Taiwan Bourse May Extend Winning Streak
The Taiwan stock market has moved higher in two straight sessions, rallying more than 570 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 24,020-point plateau and it may add to its winnings again on Monday.
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il y a 1h 19min
Singapore Stock Market May Erase Friday's Losses
The Singapore stock market on Friday ended the four-day winning streak in which it had gathered more than 100 points or 2.4 percent. The Straits Times Index now sits just beneath the 4,240-point plateau although it's likely to find renewed support on Monday.
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