Lululemon Athletica Inc. (Nasdaq: LULU) reported sharply lower first quarter earnings of 13 cents per share compared with 32 cents per share in the year ago period, cut its full year forecast and announced the retirement of chief financial officer John Currie at the end of the fiscal year. The stock price plummeted $7.05 to close at $37.25.
Lululemon disappoints
June 12, 2014 at 18:55 PM EDT