Carter's Inc. (CRI) announced after the close Monday that it will restate its financial statements for certain prior periods and does not expect to timely file its quarterly report on Form 10-Q for the period ended October 3, 2009.
Carter's Inc. gapped down sharply Tuesday and has since declined on above average volume. Shares are now down 3.02 at $21.02. The stock has fallen below its 200-day moving average and is now testing support, trading at over a 5-month low.
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