Market Overview

Children's Place Falls 15% After Mixed Q2 Earnings

Share:

Children's Place (NASDAQ: PLCE) shares are trading lower after the company reported worse-than-expected second-quarter sales results. The company also issued third-quarter and fiscal year 2019 EPS guidance below analyst estimates.

Children's Place reported second-quarter earnings of 19 cents per share, which beat the analyst consensus estimate of 18 cents by 5.56%. This is a 72.86% decrease over earnings of 70 cents per share from the same period last year.

The company reported quarterly sales of $420.5 million, which missed the analyst consensus estimate of $423.88 million by 0.80%. This is a 6.29% decrease over sales of $448.718 million the same period last year.

Children's Place shares were trading down 15.36% at $66.03 in Wednesday’s pre-market session. The stock has a 52-week high of $160.23 and a 52-week low of $75.95.

Related Links:

Lowe's Reports Q2 Earnings Beat

Target Reports Q2 Earnings Beat, Raises Guidance

Posted-In: Earnings News

 

Related Articles (PLCE)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Analog Devices Reports Q3 Earnings Beat

Fund That Flip Raises $11M From Edison Partners