News / Business
Stock News (NASDAQ:PLCE) Lifts Guidance, Shares Climbs
Stock News
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Children's Place Retail Stores, Inc. (NASDAQ:PLCE) rose 5.74% to $34.29 in opening session after the company said Oct. comparable-store sales fell 2%, while total sales rose 3% to $149.8 million. It expects third-quarter earnings per share from continuing operations to range between $1.35 and $1.39. Analysts polled by FactSet had expected earnings of 96 cents a share in the October-ending quarter.
The Children’s Place Retail Stores, Inc. is a specialty retailer of children’s apparel and accessories, ages newborn to 14 years old. The Company designs, contract to manufacture and sells merchandise under the The Children's Place brand name.
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