
Lululemon Athletica Inc (NASDAQ:LULU) reported revenues of $1.61 billion, ahead of the consensus estimate of $1.53 billion, and earnings of $1.48 per share, exceeding Street expectations of $1.43 per share.
Wells Fargo On Lululemon Athletica: Analyst Ike Boruchow maintained an Equal Weight rating for the company while reducing the price target from $370 to $345.