Why Christopher & Banks (CBK) Stock Is Soaring Today

NEW YORK (TheStreet) -- Shares of Christopher & Banks Corp. (CBK) are higher by 9.37% to $7.27 on Tuesday after the company reported an increase in net income to $2.6 million, or 7 cents per diluted share for the 2014 first quarter, compared to $0.6 million, or 2 cents per diluted share from the same period last year.

However, the specialty women's apparel retailer reported a decline in net sales to $103.4 million for the most recent quarter, compared to $108.5 million for the 2013 first quarter.

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