The Children's Place Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - The Children's Place Inc. (PLCE) reported earnings for second quarter that decreased from the same period last year.

The company's profit came in at $7.49 million, or $0.45 per share. This compares with $14.29 million, or $0.79 per share, in last year's second quarter.

Excluding items, The Children's Place Inc. reported adjusted earnings of $11.67 million or $0.70 per share for the period.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.1% to $448.72 million from $373.60 million last year.

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

-Earnings (Q2): $11.67 Mln. vs. $15.63 Mln. last year. -EPS (Q2): $0.70 vs. $0.86 last year. -Analysts Estimate: $0.59 -Revenue (Q2): $448.72 Mln vs. $373.60 Mln last year.

-Guidance: Next quarter EPS guidance: $2.97 - $3.07 Full year EPS guidance: $8.09 - $8.29 Full year revenue guidance: $1.945 - $1.955 Bln