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Children's Place Inc. (PLCE) Dropped On Disappointing Q4 Sales

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, but recovered some ground during the first half of the morning. Shares of the retailer finished down by 11 points at $127.95 on the highest volume of the year. The stock dropped to nearly a 4-month low.

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