Charlotte Russe news hits shares
- Share via
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.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
