The Children's Place Inc. (PLCE) reported Loss for fourth quarter that increased from the same period last year and missed the Street estimates.
The company's earnings came in at -$7.99 million, or -$0.62 per share. This compares with -$128.84 million, or -$10.24 per share, last year.
Excluding items, The Children's Place Inc. reported adjusted earnings of -$9.60 million or -$0.75 per share for the period.
Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 10.2% to $408.562 million from $455.034 million last year.
The Children's Place Inc. earnings at a glance (GAAP) :
-Earnings: -$7.99 Mln. vs. -$128.84 Mln. last year.
-EPS: -$0.62 vs. -$10.24 last year.
-Revenue: $408.562 Mln vs. $455.034 Mln last year.
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