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Take a look at some of Friday's midday movers:
Stocks finished in negative territory Thursday, dragged by techs, amid ongoing concerns over Cyprus' ability to get a bailout.
Lululemon Athletica on Thursday said it could see a $40 million loss in profit for the year due to a recent decision to recall defective workout pants from its stores.
*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.
The yoga-wear retailer saw a 48 percent rise in Q4 profits but warns a recall could reduce first quarter earnings, reports CNBC's Jackie DeAngelis. And, Liz Dunn, Macquarie Research analyst, discusses the outlook on the company and why she maintains a "neutral" rating on the stock.
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.
Some of the names on the move ahead of the open.
Yogawear retailer Lululemon Athletica reported quarterly earnings and revenue that edged above analysts' expectations but forecast that a supply line mishap that produced see-through pants would hit its earnings.
*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.
Housing and jobs data will get a close look from traders Thursday, as they continue to dissect the latest comments from the Fed.
Stocks cut their losses in the final hour of trading to close narrowly mixed Tuesday, after lawmakers in Cyprus overwhelmingly voted against the controversial bank bailout deal.
Shares of Lululemon are down about 3 percent today, after the retailer announced a product recall and cuttings its Q1 revenue guidance. Richard Ross, Auerbach Grayson and John Stephenson, First Asset Management, discuss.
*Taiwan supplier says Lululemon misjudged consumer tastes. *Shares down 3.3 pct on Toronto Stock Exchange.
Lululemon is down nearly 12 percent in the past 3 trading sessions after its yoga pants debacle. Faye Landes, Cowen & Co. and Samuel Poser, Sterne Agee, discuss.
The "Fast Money" traders share their final trades of the day and what they're looking out for Wednesday.
*Taiwan supplier says Lululemon misjudged consumer tastes. *Shares drop 4 pct on Toronto Stock Exchange.
Following Lululemon's announcement that it expects a yoga pant shortage and a "significant impact" on its financial results due to a see-through pant recall, the stock posted its worst three-day loss since August.
Roxanne Meyer, UBS analyst, explains how a recall at Lululemon has lowered the company's first quarter revenue forecast.
*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.