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JUN 12, 2014 - TheStreet

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Lululemon Shares Tumble on Lower Outlook

NEW YORK (TheStreet) - Shares of Lululemon Athletica were tumbling 10.4% to $39.70 in pre-market trading after the yoga and athletic apparel retailer lowered its outlook for the second quarter and fiscal year. The Vancouver-based company said that excluding a one-time adjustment, earnings were 34 cents a share compared to 32 cents a share in the year-earlier quarter. However, the company reported per share earnings for the May 4-ending quarter of 13 cents because they included a non-recurring adjustment of 21 cents from planned repatriation of foreign earnings. Analysts, according to ... Read More

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