The Children's Place Inc. (PLCE) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $20.08 million, or $1.57 per share. This compares with $38.48 million, or $3.05 per share, in last year's third quarter.
Excluding items, The Children's Place Inc. reported adjusted earnings of $26.08 million or $2.04 per share for the period.
Analysts on average had expected the company to earn $2.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 18.8% to $390.17 million from $480.23 million last year.
The Children's Place Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $20.08 Mln. vs. $38.48 Mln. last year.-EPS (Q3): $1.57 vs. $3.05 last year.-Revenue (Q3): $390.17 Mln vs. $480.23 Mln last year.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.