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Children's Place Inc. (PLCE) Is Sinking After Q4 Sales Disappoint

Children's Place Inc. (PLCE) reported fourth quarter EPS of $2.52 Tuesday morning, up from $1.88 in the prior year. Revenues rose 9.4% to $569.97 million from $520.77 million last year. Street expectations were for EPS of $2.49 and revenues of $573.97 million.

Children's Place gapped open sharply lower Tuesday and is now down 13.72 at $125.22 on above average volume. The stock has dropped to nearly a 4-month low.

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