Carter's Inc. (CRI: Quote) reported second quarter adjusted EPS of $0.61 Thursday morning, which exceeded analysts' expectations of $0.47. The company expects third quarter adjusted EPS to increase by approximately 7% to 10% over last year. Full year adjusted EPS is now expected to increase by approximately 14% to 16% over last year, compared to its prior growth estimate of 12% to 15%.
Carter's gapped up at the open Thursday and has continued to rise in early trade. The stock is currently higher by 5.78 at $78.96 and has surged to nearly a 4-month high.
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by RTT Staff Writer
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