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00:03Lululemon reported second quarter revenue of $242 billion, missing the $246 billion consensus
00:08estimate, as total revenue fell 4% year over year, according to Benzinga.
00:14America's revenue declined 8%, while international revenue rose 4%, and comparable sales fell 9%.
00:21The company reported earnings of 2.92 per share and ended the quarter with $1.4 billion in cash.
00:28Lululemon expects third quarter revenue of $2.29 billion to $2.32 billion below the $2.53 billion
00:36estimate, with earnings of $0.93 to $0.98 per share versus estimates of 2.43s.
00:43The company also cut its full year revenue outlook to $10.35 billion to $10.50 billion and lowered
00:50earnings guidance to $9.48 to $9.73 per share.
00:54Shares fell 16.4% in after-hours trading, according to Benzinga Pro.
00:59For all things money, visit Benzinga.com.
