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Carter's Sank To Five-Month Low Tuesday
10/28/2009 8:44 AM ET


RELATED NEWS
Carter's Inc. Is Falling On Restatement News
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Carter's To Present At CL King's 7th Annual Best Ideas Conference; Webcast At 9:00 AM
(RTTNews) - Carter's Inc. (CRI: News ) announced Tuesday morning that it will delay its third quarter earnings release, previously scheduled for this evening. The company is delaying its earnings release in order to complete a review of its accounting for margin support to its wholesale customers.

Carter's Inc. sharply declined during the first half hour of trade Tuesday and finished down by $6.78 at $21.66 on the highest volume of the year. The stock sank to a 5-month low and dropped below both its 50 and 200-day moving averages.

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by RTT Staff Writer

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