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The Children's Place Inc. Q2 adjusted earnings Beat Estimates

The Children's Place Inc. (PLCE) reported earnings for second quarter that decreased from the same period last year.

The company's profit came in at $7.49 million, or $0.45 per share. This compares with $14.29 million, or $0.79 per share, in last year's second quarter.

Excluding items, The Children's Place Inc. reported adjusted earnings of $11.67 million or $0.70 per share for the period.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.1% to $448.72 million from $373.60 million last year.

The Children's Place Inc. earnings at a glance:

-Earnings (Q2): $11.67 Mln. vs. $15.63 Mln. last year.
-EPS (Q2): $0.70 vs. $0.86 last year.
-Analysts Estimate: $0.59
-Revenue (Q2): $448.72 Mln vs. $373.60 Mln last year.

-Guidance:
Next quarter EPS guidance: $2.97 - $3.07
Full year EPS guidance: $8.09 - $8.29
Full year revenue guidance: $1.945 - $1.955 Bln

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