{"id":184169,"date":"2023-11-28T15:38:58","date_gmt":"2023-11-28T15:38:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=184169"},"modified":"2023-11-28T15:38:58","modified_gmt":"2023-11-28T15:38:58","slug":"citi-trends-shares-drop-after-q3-results-fell-short-of-analysts-view","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/citi-trends-shares-drop-after-q3-results-fell-short-of-analysts-view\/","title":{"rendered":"Citi Trends Shares Drop After Q3 Results Fell Short Of Analysts' View"},"content":{"rendered":"
Shares of Citi Trends, Inc. (CTRN), a value retailer of fashion apparel, accessories, and home goods, are falling more than 13% Tuesday morning after the company reported third-quarter results, below analysts’ view. <\/p>\n
The company reported a loss of $3.86 million or $0.47 per share for the third quarter, compared with profit of $24.59 million or $3.02 per share in the same quarter a year ago.<\/p>\n
Excluding one-time items, loss of $0.56 per share missed the average estimate of analysts polled by Thomson-Reuters of $0.17 loss per share.<\/p>\n
Sales for the quarter declined 6.7% year on year to $179.52 million, below the consensus estimate of $186.03 million.<\/p>\n
CTRN, currently at $22.44, has traded in the range of $14.21 – $34.94 in the last 1 year. <\/p>\n