Charlotte Russe news hits shares
From Times Staff and Wire Reports
Shares of clothing retailer Charlotte Russe Holding Inc. fell the most in eight months after the firm forecast third-quarter profit that trailed analysts’ estimates.
Charlotte Russe sank $2.68, or 13%, to $17.42 for the biggest decline since July 26.
Earnings will be 27 to 30 cents a share for the quarter ending June 28, the San Diego-based retailer said. Analysts surveyed by Bloomberg had estimated 40 cents.
