Lululemon Athletica Inc. (LULU) Broke Out To A New High After Outlook Raised

Lululemon Athletica Inc. (LULU) reported first quarter adjusted EPS of $0.30 Wednesday morning, which came in just shy of the consensus estimate of $0.31. Net revenue increased 17% to $495.52 million from $423.54 million last year. Analysts expected revenues of $487.67 million.

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