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Why Lululemon (LULU) Stock Is Trading Up Today
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU) jumped 18.4% in the afternoon session after the company reported strong third-quarter results, which surpassed analysts' revenue expectations on a convincing same-store sales beat. The result revealed strong double-digit top-line growth in China and the rest of the World. The company also observed record engagement metrics at the top of the funnel during the Black Friday event mostly from its online channels. This signals a strong start to the holiday shopping season. Looking ahead, guidance was roughly in line, which is encouraging. Overall, this quarter had some key positives.
Asana (ASAN) Stock Trades Up, Here Is Why
Shares of work management software maker Asana (NYSE: ASAN) jumped 43.7% in the morning session after the company reported impressive third-quarter financial results. Revenue in the quarter beat by a comfortable amount, and operating profit beat convincingly. Other key growth indicators, including billings and RPO, came in ahead of Wall Street's expectations. Asana also provided optimistic EPS guidance for the next quarter and the full year, which beat analysts' expectations.
Why Is Victoria's Secret (VSCO) Stock Soaring Today
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) jumped 9.3% in the morning session after the company reported a "beat and raise" quarter. Third-quarter results significantly blew past analysts' revenue and earnings expectations. Revenue reflected mid-single digit growth in North America and more than 20% growth from International markets. Given the strong result, the management raised full-year sales outlook, implying the momentum is expected to be sustained. Its EPS guidance for next quarter also outperformed Wall Street's estimates. Zooming out, we think this was a good quarter with some key areas of upside.