India, Sept. 4 -- Lululemon Athletica Inc. (LULU) shares are currently trading at $99.85, down $21.92, or 18.00 percent on Friday, after the athletic apparel retailer reported weaker second-quarter results the previous day. The sharp decline came as both profit and revenue fell from the same period last year.
Lululemon closed the previous session at $121.77 and opened at $98.20 on the Nasdaq. The stock has traded between $97.99 and $103.16, with volume at 19.68 million shares, compared with average volume of 3.68 million. Its 52-week range is $97.99 to $225.98.
Lululemon reported net income of $329.223 million, or $2.92 per share, compared with $370.905 million, or $3.10 per share, a year earlier. Revenue declined 4.4 percent to $2.415 bi...