Christopher & Banks hits 52-week low on earnings, Q2 guidance
Christopher & Banks Corporation (NYSE:CBK) hit a 52-week low at $7.12 Friday after the company reported late Thursday lower quarterly earnings for the quarter ended in May. The Plymouth, Minn.-based women’s apparel retailer had first quarter net income of $11.27 million versus $11.68 million for the same quarter a year ago. Earnings per share remained unchanged at $0.32. Christopher & Banks said it expects earnings per share to be flat to $0.03 in the next quarter. Wall Street forecasts a net income of $0.11 per share for the second quarter. The stock was down 14% in midday trading Friday.
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