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Lululemon Athletica Inc, RH, Nike Inc, Shoe Carnival - AFTER HOURS

Last updated: 07:34 28 Mar 2018 EDT, First published: 02:34 28 Mar 2018 EDT

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Wall Street shares closed firmly lower but there were some gainers in extended deals

US stocks saw red at the close on Tuesday and after the bell Lululemon Athletica Inc (NASDAQ:LULU) added 6.76% to US$84.05 after the leisure retailer posted its fourth quarter earnings.

Earnings per share (EPS) beat Wall Street estimates by 6 cents while revenues beat forecasts by US$17mln.

Meanwhile, shares in RH (NYSE:RH) (formerly known as Restoration Hardware) sank over 14% after the bell to US$85.90 after the home goods firm reported mixed earnings - beating estimates on EPS but missing on revenues.

Elsewhere, sports shoe focused Nike Inc (NYSE:NKE) shares added 2% before falling back to go 0.06%.

NFL (National Football League) team owners approved an eight-year extension of Nike's on-field apparel rights.

Also after the bell, Shoe Carnival Inc (NASDAQ:SCVL) shares plunged over 8% to US$23.40 after the footwear retailer announced its earnings.

EPS was above the consensus but revenues missed the mark. Same-store sales also decreased this quarter, with the company expecting same-store sales to remain flat or increase very little in the upcoming fiscal year.

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