Orlando, FL -- (SBWIRE) -- 09/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Lululemon Athletica inc. (NASDAQ:LULU), Weatherford International Ltd(NYSE:WFT).
Lululemon Athletica inc. (NASDAQ:LULU) shares gained 0.12% to $73.59. The company on Sept. 12 announced financial results for the second quarter ended August 4, 2013. Net revenue for the quarter increased 22% to $344.5 million from $282.6 million in the second quarter of fiscal 2012. Income from operations for the quarter increased 12.5% to $79.0 million, and as a percentage of net revenue was 22.9% compared to 24.8% of net revenue in the second quarter of fiscal 2012. Diluted earnings per share for the quarter were $0.39 on net income of $56.5 million, compared to diluted earnings per share of $0.39 on net income of $57.2 million in the second quarter of fiscal 2012.
Looking forward, the company expects 2013 fiscal year net revenue to be in the range of $1.625 billion to $1.635 billion, down from its previous forecast of $1.645 billion to $1.665 billion. The company trimmed its forecast for full-year earnings per share to $1.94 to $1.97 from the previous $1.96 to $2.01. Lululemon forecast third-quarter net revenue of $370 million to $375 million, and diluted earnings per share of 39 cents to 41 cents.
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Weatherford International Ltd(NYSE:WFT) shares dropped 2.06% to $15.25. The company announced that it has scheduled a conference call for Tuesday, November 5, 2013 at 8:30 a.m. ET. The purpose of the conference call is to discuss results for the Company's third quarter ended September 30, 2013. The call will be open to the public.
Additionally, Credit Suisse on Sept. 13 upgraded Weatherford and views the sell-off in shares as a buying opportunity given the completion of the accounting restatement, upcoming asset sales, and free cash flow generation. Price target raised to $19 from $13.
Moreover, the company on Sept. 12 said in a regulatory filing that CFO John Briscoe, who also serves as senior vice president, is leaving the company to pursue other opportunities. His departure is effective immediately, though Weatherford said he may serve as a consultant. Briscoe had worked at the company for two years.
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