Destination Maternity Corp. shares fell 17.7 percent following the Philadelphia retailer's Wednesday announcement of disappointing quarterly earnings.
The company reported a fiscal third-quarter profit of 40 cents per share, compared with 64 cents in the same period a year ago, and lower than its prior guidance of 53 cents to 62 cents.
Shares closed down $3.99 at $18.56.
Destination Maternity said on July 10 that it expected the quarterly to come in below the guidance range.
"We are very disappointed in our sales and earnings results for the third quarter," Ed Krell, chief executive officer, said in a prepared statement.