Lululemon (LULU) announced its first-quarter earnings this morning, and while the earnings and margins were decent, it was not enough to hold up this high-multiple retail stock as guidance came in very light. LULU is down 9.7% during trading today, although still higher than the pre-market lows of $60. The yoga apparel company reported revenues of $285.7 million, an increase of 53% from the…
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