UPDATE 1-Children’s Place Q4 EPS in line with Street

* Q4 adj EPS cont ops $1.03 meets Street

* Sees Q1 EPS cont ops $0.85-$0.90 vs est $0.87

March 10 (BestGrowthStock) – Children’s Place Retail Stores Inc
(PLCE.O: ) posted a quarterly profit that was in line with market
estimates as discounts helped boost sales during the holiday
season.

The Secaucus, New Jersey-based company forecast
first-quarter earnings from continuing operations of 85 cents
to 90 cents a share.

Analysts on average were looking at earnings of 87 cents,
before items, for the quarter, according to Thomson Reuters
I/B/E/S.

For the fourth quarter ended Jan. 30, the company posted a
profit of $34.1 million, or $1.23 a share, compared with $38.8
million, or $1.31 a share, a year earlier.

Excluding items, it earned $1.03 a share from continuing
operations, in line with analysts’ expectations.

The company, which competes with Gymboree Corp (GYMB.O: ) and
Gap Inc’s (GPS.N: ) Baby Gap line among others, had earlier
reported fourth-quarter revenue of $462.8 million, an increase
of 5 percent from a year ago.

Shares of Children’s Place closed at $40.92 Tuesday on
Nasdaq.

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(Reporting by Anne Pallivathuckal in Bangalore; Editing by
Ratul Ray Chaudhuri)

UPDATE 1-Children’s Place Q4 EPS in line with Street