Stocks to Watch: Dell, Facebook
Lululemon Athletica(LULU) raised its fiscal fourth-quarter earnings guidance but said revenue growth would slow.
Lululemon said Monday it expects quarterly earnings of 74 cents a share; its previous guidance was 71 cents to 73 cents a share.
The yoga-wear company said revenue would be at the high end of its original guidance range of $475 million to $480 million. Lululemon said it expects same-store sales for the period ending Feb. 3 to rise in the high single digits, down from growth of 26% in the same period a year earlier.
Analysts expects fourth-quarter earnings of 74 cents a share on revenue of $489 million.
Homebuilder Lennar(LEN) is expected by analysts Tuesday to post fourth-quarter earnings of 44 cents a share on revenue of $1.32 billion.
RadioShack said it has been renegotiating the terms of the deal with Target since October to make it profitable for both companies, but an agreement couldn't be reached and it will end the contract in April.
-- Written by Joseph Woelfel
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