Lululemon stock tumbles on Q1 earnings in line with estimates
Lululemon Athletica (LULU) shares are falling in Thursday's extended hours trading after its first quarter earnings results coming out largely in line with estimates; first quarter net revenue came out to $2.37 billion, a touch higher than Wall Street consensus predicting $2.36 billion. Julie Hyman and Josh Lipton dive into the athleisure brand's earnings print, second quarter and full-year revenue forecasts, and its comparable sales figures. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.