Children's Place Retail Stores (PLCE) reported first quarter net income of $0.83 per share Thursday morning, down from $1.00 per share last year. The consensus estimate was for EPS of $0.61. The company expects to report an adjusted EPS loss of $0.50 to $0.55 for the second quarter and an adjusted profit of $3.05 and $3.20 for the full year 2013. The consensus estimates are for a loss of $0.60 and a profit of $3.00.
Children's Place gapped open sharply higher Thursday, but then retreated until around 1:30PM. Shares finished with a gain of 1.42 at $52.89 on above average volume. The stock closed at a 6-month high.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.