Reported about 11 hours ago
Lululemon Athletica Inc. (LULU) experienced a significant decline of 19.8% in its stock price on Friday, closing at $265.27 after releasing disappointing earnings that revealed a 2% decrease in net income for the first quarter. Despite a 7% increase in net revenues, the company's outlook for the second quarter and full year led major financial institutions like JPMorgan and UBS to lower their price targets significantly. LULU topped the list of the worst-performing stocks that day.
Source: YAHOO