*Company sees Q1 EPS $0.28- $0.30, vs $0.32 a year earlier. *Shares rise 1.7 percent to C $66.47 in Toronto. TORONTO, March 21- Yogawear chain Lululemon Athletica Inc said on Thursday it could lose up to $40 million in profit this fiscal year because of its decision to pull defective workout pants from its shelves.
Stock index futures hovered around the flatline Thursday following the weekly jobless claims report, while uncertainty in Cyprus kept investors on edge.
TORONTO, March 21- Trendy Canadian retailer Lululemon Athletica Inc said on Thursday it expected its earnings to drop in the current quarter, hurt by a recall of yoga pants deemed to be too transparent.
*Company sees Q1 EPS $0.28- $0.30, vs $0.32 a year earlier. *Shares rise 1.9 percent to C $66.61 in Toronto. TORONTO, March 21- Lululemon Athletica Inc said on Thursday it expects earnings to drop in the current quarter, hurt by a recall of its trendy workout pants, and reported results for the quarter ended Feb. 3 that came in slightly ahead of forecasts.
*Taiwan supplier says Lululemon misjudged consumer tastes. *Shares down 3.3 pct on Toronto Stock Exchange.
*Taiwan supplier says Lululemon misjudged consumer tastes. *Shares drop 4 pct on Toronto Stock Exchange.
*Taiwan supplier say Lululemon misjudged consumer tastes. HONG KONG/ TORONTO, March 19- The Taiwanese supplier behind the see-through yoga pants recalled by Lululemon Athletica Inc said on Tuesday it followed design specifications and the Canadian retailer had merely misjudged customer tastes.