Children's Place Retail Stores (PLCE) reported first quarter adjusted EPS of $1.10 Thursday morning, which was flat with the prior year result. The consensus estimate was for EPS of $1.05. The company expects to report a second quarter adjusted loss between $0.70 and $0.65. Full year 2012 adjusted EPS is expected to be between $3.15 and $3.30 up from prior expectations of $3.10 to $3.30. The consensus estimates are for a loss of $0.50 and a profit of $3.23 respectively.
Children's Place Retail Stores gapped open higher Thursday, but was range-bound for the majority of the session. Shares finished up by 2.56 at $47.09, with volume at over a 4-month high. The stock climbed to nearly a 2-week high.
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