Bull Put Spread LULU 03-26-2015
Bull Put Spread LULU Spread Trading Strategy
Lululemon Athletica Inc. (LULU) -Nasdaq
Lululemon Athletica topped estimates but lowered guidance. The company announced earnings of $0.78 per share, outpacing the Wall Street estimate $0.73 per share. Revenues rose 15.6% to $602.5 million, topping the $599.8 million that was expected. However, the news wasn't all good as the company forecast earnings of $0.31 to $0.33 per share, well below the $0.39 per share that analysts were looking for. Revenues guidance of $413 million to $418 million also missed the mark.
Direction: Weak Bullish
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