Talbots Takes a Dive

Filed under: Earnings Reports, Wal-Mart (WMT)

Poor The Talbots, Inc. (TLB). Talk about a nasty drop. With about ninety minutes to go before the end of the trading day, the company's stock is down over 20% to $9.03. Volume is way, way above average. Fortunately, the price is still comfortably higher than the 52-week low of $6.81. But that might not be saying much at this point for shareholders.



The catalyst for the move was the third-quarter earnings report. According to The Wall Street Journal (subscription required), net profit from continuing activities on an adjusted basis came in at 27 cents per share, four pennies below the year-ago figure.

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Talbots Takes a Dive originally appeared on BloggingStocks on Tue, 07 Dec 2010 17:00:00 EST. Please see our terms for use of feeds.

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