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0 0.00438356164383565 9.13242009132887E-05 -0.00210045662100447 -0.00960547945205479 -0.0751598173515982 -0.0593607305936073 -0.0508675799086757
Stock impact report

Children's Place shares plunge as profit and margin outlook cut [MarketWatch]

Children's Place, Inc. (The) (PLCE) 
Last children's place, inc. (the) earnings: 3/17 07:32 am Check Earnings Report
Company Research Source: MarketWatch
Children's Place's stock plunges after earnings beat, but profit and margin outlook lowered Shares of Children's Place Inc. PLCE, -4.48% tumbled toward a 13-month low in premarket trade Thursday, after the children's apparel retailer beat fiscal third-quarter profit and sales expectations, but cut its earnings and margin outlook. Net income for the quarter to Nov. 3 rose to $49.9 million, or $3.03 a share, from $44.1 million, or $2.44 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share of $3.07 matched the FactSet consensus. Sales increased 6.6% to $522.5 million, above the FactSet consensus of $511.2 million, as the 9.5% rise in same-store sales beat expectations of 8.3% growth. The company cut its fiscal 2018 adjusted EPS outlook to $7.69 to $7.79 from $8.09 to $8.29, and its adjusted operating margin guidance to 7.7% to 7.8% from 8.5% to 8.7%, as a results of a $5 million, or 24 cents a share, addition to fulfillment costs in the fo Show less Read more
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