Chico's profits but stock falls

  • By Business Observer Staff
  • | 4:14 p.m. May 18, 2011
  • Charlotte–Lee–Collier
  • Share

FORT MYERS — Despite earning $45.9 million in quarterly profits — up 30% over the year — Chico's FAS Inc. (symbol: CHS) failed to impress investors with its results. Its stock fell roughly 8% in early trading Wednesday following the release of its financial results, to about $14.

 

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