Lululemon Earnings Beat, Sales Miss
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LululemonCNBC
•Lululemon cuts guidance, misses sales estimates after botched product launch
77% Informative
Lululemon missed Wall Street's fiscal second-quarter sales expectations.
The apparel retailer lowered its sales guidance.
Shares dropped as much as 10% in extended trading.
The company's net income for the three-month period that ended July 28 was $ 3.15 vs. $ 2.93 expected.
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