Lululemon cuts 2026 revenue and earnings outlook after Q2 update
Lululemon lowered its full-year revenue outlook to $10.35B–$10.50B from $11B–$11.15B, and reduced full-year earnings guidance to $9.48–$9.73 per share from $10.95–$11.15. Shares fell 18.2% to $99.65 after hours.
UiPath Inc reported mixed second-quarter results and lifted its FY27 sales guidance. It also promoted Hitesh Ramani to CFO. Shares fell 7.7% to $16.81 in after-hours trading. Planet Labs reported a quarterly loss of three cents per share, missing the consensus estimate for a loss of two cents, according to Pro data.
Quarterly revenue was $116.05 million, above the Street estimate of $104.12 million. American Outdoor Brands announced better-than-expected first-quarter fiscal 2027 results. Its shares rose 25.5% to $12.56 in after-hours trading. Lululemon Athletica posted mixed second-quarter financial results after the closing bell on Thursday.
The company cut its full-year revenue outlook to $10.35 billion to $10.50 billion from a range of $11 billion to $11.15 billion, versus estimates of $11.04 billion. It also lowered its full-year earnings guidance from a range of $10.95 to $11.15 per share. Lululemon said it expects adjusted earnings per share to be in a new range of $9.48 to $9.73 per share, versus estimates of $10.96 per share. Shares fell 18.2% to $99.65 in after-hours trading.
Zscaler Inc (NASDAQ: ZS) reported better-than-expected financial results for the fourth quarter of fiscal 2026 and issued strong guidance for fiscal 2027. Its shares fell 2.1% to $174.00 in after-hours trading. Docusign Inc (NASDAQ: DOCU) posted upbeat financial results for the second quarter of fiscal 2027 and raised its fiscal 2027 revenue outlook. Shares gained 3.8% to $68.45 in the after-hours session.