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. (LULU, Financial) 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. (AAL, Financial)
- CF Industries Holdings Inc. (CF, Financial)
- Walt Disney Co. (DIS, Financial)
- United Continental Holdings Inc. (UAL, Financial)
- CenturyLink Inc. (CTL, Financial)
Losers
- L Brands Inc. (LB, Financial)
- Monster Beverage Corp. (MNST, Financial)
- Eli Lilly and Co. (LLY, Financial)
- Advanced Micro Devices Inc. (AMD, Financial)
- Royal Caribbean Cruises Ltd. (RCL, Financial)
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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