The Children's Place Inc. Profit Rises 8% In Q3

(RTTNews) - The Children's Place Inc. (PLCE) revealed earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line came in at $42.80 million, or $2.29 per share. This was higher than $39.61 million, or $1.93 per share, in last year's third quarter.

Analysts had expected the company to earn $2.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.9% to $473.78 million. This was up from $455.91 million last year.

The Children's Place Inc. earnings at a glance:

-Earnings (Q3): $42.80 Mln. vs. $39.61 Mln. last year. -Earnings Growth (Y-o-Y): 8.1% -EPS (Q3): $2.29 vs. $1.93 last year. -EPS Growth (Y-o-Y): 18.7% -Analysts Estimate: $2.01 -Revenue (Q3): $473.78 Mln vs. $455.91 Mln last year. -Revenue Change (Y-o-Y): 3.9%

-Guidance: Next quarter EPS guidance: $1.43 and $1.48 Full year EPS guidance: $5.00 to $5.05