Why Is Citi Trends Stock Falling Tuesday?
Citi Trends (CTRN) stock drops despite Q2 earnings beat, as revenue miss and a $100M shelf registration weigh on investor sentiment.
Citi Trends made more profit than expected, but brought in less money from sales than investors hoped. The company also announced it might borrow more money soon, which made people nervous about its future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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