Children's Place Retail Stores (PLCE) Reports $28 Million Profit

The Children's Place Retail Stores Inc PLCE released financial results on Thursday morning. The Children's Place Retail Stores Inc reported that its 1st quarter net income rose to $28 million, or $1 per share, up from $23.7 million, or 80 cents per share, a year earlier. The children's apparel retailer's revenue rose 5% to $422.1 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 90 cents per share. The closing price of The Children's Place Retail Stores on Wednesday was $41.50 per share.