What Lululemon Athletica's Earnings Mean for Mutual Fund Investors (LULU)
Shauna O'Brien Dec 11, 2014
Inside LULU’s Results
The company’s net income fell to $60.45 million, or 42 cents per share, from $66.11 million, or 45 cents per share, last year. On average, analysts expected to see earnings of 38 cents per share.
Revenue rose 10% to $419.4 million from last year’s $379.9 million. Analysts expected to see revenue of $424.77 million.
Looking ahead to Q4, the company expects to see earnings between 65 cents and 69 cents per share, and revenue between $570 million and $585 million. Analysts expect to see 72 cents per share in earnings and $593.54 million in revenue.
For FY2014, the company expects to see earnings between $1.53 and $1.57 per share and normalized earnings between $1.74 and $1.78 per share. Analysts expect to see earnings of $1.77 per share.
Mutual Funds to Watch
|FDGRX||Fidelity® Growth Company||7.76%|
|FCGSX||Fidelity® Series Growth Company||1.91%|
|VMCIX||Vanguard Mid Cap Index||1.59%|
The Bottom Line
Shares of LULU are down 12% YTD.
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