Lululemon's Strong Earnings Propel Stock Up 12% After Hours

Lululemon Athletica's stock surged 12% in after-hours trading following impressive first-quarter results beating Wall Street estimates. The company reported earnings of $2.54 per share on $2.21 billion in revenue, surpassing expectations. Additionally, Lululemon raised its full-year earnings outlook. Meanwhile, Five Below saw a 13% drop in stock price due to disappointing guidance, with second-quarter revenue projected below consensus estimates. Victoria's Secret exceeded earnings expectations and maintained its full-year outlook despite a slight revenue decline forecasted. Smartsheet's stock jumped 12% after reporting better-than-expected earnings and revenue in the first quarter. In contrast, Sprinklr's stock plummeted nearly 18% on a gloomy revenue outlook for the year, falling short of previous estimates and market expectations.