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Stock Alert: Clarus Down 15%

(RTTNews) – Shares of Clarus Corp. (CLAR) slipped nearly 15% on Thursday morning. CLAR is currently trading at $12.45, down $2.14 or 14.63%, on the Nasdaq.

On Wednesday, Clarus announced that it expects sales for the third quarter to be between $63 million and $64 million, which is an anticipated 5%-6% year-over-year increase compared to $60.2 million a year ago.

Analysts polled by Thomson Reuters currently estimate revenues of $56.18 million.

The company expects to report its full third quarter 2020 results in early November.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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