Carter's Inc. (CRI) 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. has been steadily declining since the open Tuesday and is now down 7.60 at $20.84 on the highest volume in 6 months. The stock has dropped to a 5-month low and has fallen below both its 50 and 200-day moving averages.
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