Christopher & Banks gains on inline guidance
Shares of Christopher & Banks Corp. (NYSE:CBK) are jumping after the women’s clothing retailer issued first-quarter earnings guidance after Wednesday’s close inline with the consensus on Wall Street. The Minneapolis, Minn.-based small cap noted that its guidance is based on “encouraging” first-quarter sales results and the assumption of flat same-store sales for the quarter.
Shares gained 15%, or $1.46, to $11.30 at 10:38 a.m. ET. For detailed price information and recent news stories about Christopher & Banks, click CBK.
