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Lululemon Athletica Boosts Q4 Outlook
(RTTNews) - Ahead of the meeting with analysts and investors at the ICR Conference later on Monday, athletic apparel company lululemon athletica inc. (LULU) raised its earnings and revenue guidance for the fourth quarter.
For the fourth quarter, the company now expects earnings in a range of $4.96 to $5.00 per share on net revenue between $3.170 billion and $3.190 billion.
Previously, the company expected earnings in the range of $4.85 to $4.93 per share on net revenue between $3.135 billion and $3.170 billion.
On average, analysts polled by Thomson Reuters currently expect the company to report earnings of $4.97 per share on revenues of $3.18 billion for the quarter.
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Lululemon Athletica Boosts Q4 Revenue Outlook - Quick Facts
Ahead of the meeting with analysts and investors at the ICR Conference, athletic apparel company lululemon athletica inc. (LULU) on Monday narrowed its earnings guidance range for the fourth quarter, while raising net revenue outlook for the quarter.
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Tesla Chair Denies Report Of CEO Search To Replace Elon Musk
Tesla Inc. chair Robyn Denholm has denied a Wall Street Journal report that its board was searching for a replacement for Chief Executive Officer Elon Musk. On the social media platform X, she called the report as "absolutely false." Shares of Tesla had fallen around 3 percent on Wednesday's trading following the news. However, with the denial of the report, the stock is currently gaining.
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UK Mortgage Approvals Lowest In 8 Months
UK mortgage approvals decreased to the lowest level in eight months in March despite home buyers rushing to complete the transactions ahead of the rise in stamp duty, official data revealed on Thursday. Mortgage approvals decreased 800 to 64,309 in March, the Bank of England said. Approvals for house purchases, an indicator of future borrowing, decreased for the third straight month.
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U.S. Dollar Rises Amid Hopes On U.S.-China Trade Deal
https://www.telegraph.co.uk/business/2025/05/01/trump-tariffs-us-china-talks-ftse-100-markets-latest-news/
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.
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Yen Slides As Bank Of Japan Retains Rate As Expected
The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
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Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
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Yen Slides Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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