The Children's Place Inc. Q1 adjusted earnings Miss Estimates

(RTTNews) - The Children's Place Inc. (PLCE) announced earnings for first quarter that fell from last year.

The company's profit totaled $31.54 million, or $1.78 per share. This compares with $36.23 million, or $1.97 per share, in last year's first quarter.

Excluding items, The Children's Place Inc. reported adjusted earnings of $33.20 million or $1.87 per share for the period.

Analysts had expected the company to earn $2.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.1% to $436.31 million from $436.68 million last year.

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

-Earnings (Q1): $33.20 Mln. vs. $35.94 Mln. last year. -EPS (Q1): $1.87 vs. $1.95 last year. -Analysts Estimate: $2.21 -Revenue (Q1): $436.31 Mln vs. $436.68 Mln last year.

-Guidance: Next quarter EPS guidance: $0.51 to $0.61 Full year EPS guidance: $7.95 to $8.20 Full year revenue guidance: $1.920 to $1.935 Bln