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Lowered guidance takes a toll on Carter's

Jul. 27, 2016 10:28 AM ETCarter's, Inc. (CRI) StockBy: Clark Schultz, SA News Editor
  • Carter's (NYSE:CRI -9.2%) trades lower despite beating estimates on both lines of its Q2 report.
  • Soft guidance seems to be the culprit. Carter's expects full year revenue growth of 5%-6% vs. 6%-7% prior and EPS growth of 10% vs. 10%-12% previous.
  • Shares of Carter's are threatening to drop below $100 for the first time since May.
  • Previously: Carter's beats by $0.06, beats on revenue (July 27)

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