Lululemon Stock Plunges 11% on Disappointing OutlookKey Price Level to Watch [Video]

Shares in Lululemon Athletica (LULU) plunged 11% in after-hours trading Thursday after the activewear maker provided an outlook that fell short of Wall Street expectations amid softness in its Americas business.

The Vancouver, British Columbia-based retailer sees current-quarter revenue ranging between $2.175 billion and $2.20 billion, indicating top-line growth of 9% to 10%. By comparison, analysts had expected sales of $2.25 billion. The company anticipates diluted earnings per share (EPS) for the period of $2.35 to $2.40, with the upper band of that guidance coming in below the $2.55 consensus view.

For the full year, Lululemon guided sales of between $10.7 billion and $10.8 billion compared to analysts’ estimates at $10.9 billion. Meanwhile, it projects midpoint diluted annual EPS of $14.10, falling short of the $14.13 a share Street expectation.

For the holiday quarter ending Jan. 28, the company posted earnings of $5.29 per share on revenue of $3.21 billion. Both metrics topped forecasts, which analysts had pegged at $5 …