Lululemon’s profits and sales top Wall Street’s expectations — again (LULU)

Lululemon shares jumped late Wednesday after the retailer reported better-than-expected first-quarter results. Profits and revenue topped analysts’ expectations, though guidance came in lower than expected. Shares have risen 40% this year, handily outperforming the broader market. Watch Lululemon trade live.

Lululemon reported a second-straight quarter that impressed investors, sending shares higher by 3% late Wednesday.

The athleisure retailer’s first-quarter profits and sales topped analysts’ expectations, while its full-year earnings-per-share guidance came in lighter than

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