NEW YORK, NY / ACCESSWIRE / March 31, 2017 / The stocks yesterday saw some considerable gains based on the performance of the finance sector which made a comeback after a recent slump and a rise in the profits of energy companies dependent on crude oil. Dow Jones recorded a gain of 0.33%, and NASDAQ reported a rise of 0.28%. The stocks did perform better than Wednesday, and here is how two of them fared.
RDI Initiates Coverage:
Lululemon Athletica Inc. https://ub.rdinvesting.com/news/?ticker=LULU
Armour Inc. https://ub.rdinvesting.com/news/?ticker=UAA
Lululemon Athletica opened at $51.99 and then went down by 23.44% after a prediction of a weak first quarter. The company dealing with athletic apparels predicts that the revenue for the first quarter will not be more than $515 million. The earnings for each share for the period are anticipated to range around 25 cents to 27 cents. According to the analysts, their calculation revealed earnings of 39 cents per share on sales figure of $552 million. The earnings for the forth-quarter were also not able to meet the estimates.
Access RDI's Lululemon Research Report at: https://ub.rdinvesting.com/news/?ticker=LULU
Under Armour has encountered a drop of 47.7% in the last 6 months which can be the reason of the unsatisfactory lower-than-estimated results of the fourth-quarter of 2016, rising interest rates and an unfortunate 2017 scenario. The share opened at 20.35 and then recorded a decline of 2.55% during the day.
On March 13th, the company announced Clay Dean as Chief Innovation Officer. Mr. Dean has previously worked for General Motors for more than twenty years, most recently leading GM's Global Advanced Design organization.
"Clay brings a unique perspective to Under Armour and deep roots in design, manufacturing and innovation that will be critical in guiding how we make and deliver products now and in the future," said Kevin Haley. "At Under Armour, a relentless pursuit of innovation is at the core of everything we do. Adding Clay's proven expertise further validates our commitment to meaningfully advance our ability to bring category-defining products and technology to our consumers."
Access RDI's Under Armour Research Report at: https://ub.rdinvesting.com/news/?ticker=UAA
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