Lululemon Doubles Second Quarter Profit, Stock Rising

Posted in Uncategorized 
September 10th, 2010

Lululemon Athletica inc. (NASDAQ: LULU) released second quarter earnings yesterday. The Vancouver-based women’s athletic retail company posted a quarterly revenue increase of 56%. Premarket, shares of LULU were up 9.4%, with 31,000 shares traded (average daily volume is 800,000.) The stock, which is currently at $39.53, is trading close to the top of its 52-week range of $21-$46.49.

-Michael B. Sauter

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