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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Children's Place Earnings Jump 12% 0 comments
    Nov 26, 2013 10:55 AM | about stocks: PLCE

    Originally published at www.seclive.com

    The Children (NASDAQ:PLCE) announced its third fiscal quarter financial results, reporting a 12% increase in earnings, despite a decline in revenue. The company has had a difficult time with its higher product costs but did well during the back-to-school promotional period. Despite the positive appearances of a 12% earnings increase, the company's revenue declined 1.6% to $492.7M while same-store sales fell 0.7%. Children's Place earnings were up from $37.3M and $1.54 per share a year ago to $41.7M and $1.84 per share. The company greatly reduced its operating expenses, cutting some of its workforce and closing a distribution center in New Jersey. Children's Place opened a net total seven stores, with a total 1,123 stores open at the end of the quarter.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: PLCE
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