Microsoft selbst warnt vor der Verwendung von Internet Explorer, da er nicht mehr den neuesten Web- und Sicherheitsstandards entspricht. Wir können daher nicht garantieren, dass die Seite im Internet Explorer in vollem Umfang funktioniert. Nutze bitte Chrome oder Firefox.

Why Citi Trends Stock Trended Down Today

TheMotleyFool

0 0

Why Citi Trends Stock Trended Down TodayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Shares of fashion apparel retailer Citi Trends (NASDAQ: CTRN) tumbled 11.2% through 2:45 p.m. ET on Tuesday after the company reported a massive (and much larger than expected) loss for the third quarter this morning.

Heading into the quarter, analysts were already feeling pretty gloomy about the quarter, predicting Citi Trends would lose $0.17 per share (adjusted for one-time items) on $186 million in sales.

But things turned out much worse. Sales missed by only about 3.5%, coming in at $179.5 million. Citi Trends' loss, however, was a whopping $0.56 per share -- three times as bad as expected.

Source Fool.com

Like: 0

CTRN

Teilen