Lululemon Athletica inc. LULU shares are trading higher by $6.20 or 13 percent at $54.87 in Friday's session. The catalyst for the rally is a first-quarter EPS beat of $0.04 along with a sales beat of $6.4 million. Also, the company raised its FY 2017 EPS outlook but cut its sales outlook.
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It has pared some of the gains falling as low as $54.55, but is now trying to re-enter the $55.00 handle.
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