lululemon athletica Down 1.6% After Earnings and Guidance Announcement

lululemon athletica LULU is trading lower pre-market following its Q4 earnings announcement and guidance update. The company reported EPS of $0.51 vs $0.49 estimate and revenues of $371.5 million vs $362.37 million estimate. Lululemon also guides Q1 EPS $0.28-0.29 vs $0.29 estimate and Q1 revenue $265-270 million vs $256.1 million estimate. Christine Day, lululemon's CEO, stated: “Reaching a billion dollars in revenue is clearly an important milestone that as a company we can all be very proud of. But far more important than the number itself are the beliefs, values, culture and people that achieved it. We really are so much more than our numbers; it is the everyday actions of our dedicated team that translates into an unparalleled guest experience and allows us to achieve our ultimate goal of elevating the world.” lululemon athletica is currently trading at $72.88, down $1.19 or 1.61% pre-market.