Children's Place Retail Stores (PLCE: Quote) reported a second quarter adjusted net loss of $0.62 per share Thursday morning, compared to the consensus estimate of a loss of $0.66. Third quarter adjusted EPS is expected to be between $1.53 and $1.58. The consensus estimate is for EPS of $1.63. Full year 2012 adjusted EPS is now expected to be between $3.20 and $3.30, up from prior guidance of $3.15 to $3.30. The consensus estimate is for EPS of $3.23.
Children's Place Retail Stores gapped up sharply Thursday, but traded in a range for the majority of the session. Shares finished up by 4.33 at $55.90, with volume at a 3-month high. The stock broke out of a month and a half long range and set an 8-month high.
Click here to receive FREE breaking news email alerts for The Children's Place Retail Stores, Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com