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Lululemon stock crashes 15% worst opening since 2020
LULUlululemon(LULU) Finbold·2024-03-22 13:51

In the realm of stock markets, even the smallest details can have a big impact. This was demonstrated recently by Lululemon (NASDAQ: LULU) after its earnings release on March 21. Despite the company posting impressive results, with a double earnings beat—5.29earningspersharecomparedtotheexpected5.29 earnings per share compared to the expected 5.00, and revenue of 3.21billionsurpassingtheexpected3.21 billion surpassing the expected 3.19 billion—the stock took a surprising nosedive, dropping by 13% in pre-market just hours after the conference concluded.LULU stock 24-hour pric ...