Lululemon stretches higher; Burlington catches a cold; Quiksilver wipes out
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Lululemon
Lululemon (LULU) stretched higher after beating earnings estimates. The yoga wear maker said sales rose 10% and also raised its full year outlook. Lulu plans to expand into menswear by adding more space to its men's store in New York City.
Burlington Stores
Burlington Stores (BURL) dropped after missing first quarter revenue expectations. The discount retailer said a decline in markdown sales and increased store closures hurt its business. Burlington is still joining other retailers, who have recently raised wages, and increasing pay for some of its workers to $9 an hour starting next month.
Quiksilver
Quiksilver (ZQK) tanked double digits after pulling its full year outlook. The stock is hitting a new low after the company also reported worse-than-expected quarterly earnings results. The outdoor sports clothing retailer is no longer confident profits can improve by the second half of this year.
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