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Wall Street Gains on Thursday

- By Omar Venerio

U.S. stocks were in positive territory on Thursday. The Dow Jones Industrial Average gained 0.39% to 26,107, the S&P 500 index rose 0.41% to 2,891 and the Nasdaq Composite Index advanced 0.57% to 7,837.

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) gained more than 2% on Thursday after the company announced first-quarter results. Revenue grew 20.4% from the prior-year quarter to $782 million, beating expectations by $26.08 million. Earnings of 74 cents per share topped estimates by 4 cents.


The gross profit reached $421.7 million, an increase of 22% from the year-ago quarter. The gross margin was 53.9%, an increase of 80 basis points. Further, the operating margin was 16.5%, an increase of 40 basis points.

Looking ahead to the second quarter, the company expects net revenue to be between $825 million and $835 million. It also projects diluted earnings per share in the range of 86 cents to 88 cents.

Gainers

  • American Airlines Group Inc. (NASDAQ:AAL)
  • CF Industries Holdings Inc. (NYSE:CF)
  • Walt Disney Co. (NYSE:DIS)
  • United Continental Holdings Inc. (NASDAQ:UAL)
  • CenturyLink Inc. (NYSE:CTL)



Losers

  • L Brands Inc. (NYSE:LB)
  • Monster Beverage Corp. (NASDAQ:MNST)
  • Eli Lilly and Co. (NYSE:LLY)
  • Advanced Micro Devices Inc. (NASDAQ:AMD)
  • Royal Caribbean Cruises Ltd. (NYSE:RCL)



Global markets

The main European stock markets traded in the green. The U.K.'s FTSE 100 gained 0.01%, France's CAC 40 rose 0.01%, Germany's Dax swelled 0.44% and Spain's IBEX 35 inched up 0.09%.

In Asia, Japan's Nikkei 225 slid 0.46%, India's BSE Sensex fell 0.04%, Hong Kong's Hang Seng retreated 0.05% and China's Shanghai Composite closed 0.05% higher.

Disclosure: The author holds no positions in any stocks mentioned.

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This article first appeared on GuruFocus.