News Column

The Children's Place tops Street 2Q forecasts

August 21, 2014



SECAUCUS, N.J. (AP) The Children's Place Retail Stores Inc. (PLCE) on Thursday reported a loss of $10.7 million in its fiscal second quarter.

On a per-share basis, the Secaucus, New Jersey-based company said it had a loss of 49 cents. Losses, adjusted for one-time gains and costs, were 37 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.

The company posted revenue of $384.6 million in the period, also surpassing Street forecasts. Analysts expected $378.5 million, according to Zacks.

For the current quarter ending in October, The Children's Place expects its per-share earnings to range from $1.74 to $1.82. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.77.

The company also released its full-year outlook. It expects annual earnings to be in the range of $2.95 to $3.05.

The Children's Place shares have declined 11 percent since the beginning of the year. The stock has fallen nearly 6 percent in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full PLCE report: http://www.zacks.com/ap/PLCE

Keywords:The Children's Place,Earnings Report


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Source: Associated Press


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