Gymboree Earns $1.26 Per Share (GYMB)

Gymboree Corporation GYMB released financial results on Monday morning. Gymboree Corporation reported 3rd quarter earnings of $34.4 million, or $1.26 per share, down from $34.8 million, or $1.15 per share, a year earlier. Excluding special items, the company's earnings came in at $1.33 per share. The company's revenue rose to $280.85 million, up from $269.08 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.28 per share, on revenue of $285.29 million. Chairman and chief executive officer Matthew McCauley said, "We are pleased to continue to report higher operating margins after excluding the impact of transaction-related expenses. Our strategy of leveraging existing infrastructure across a multi-brand portfolio, coupled with the strong performance of Crazy 8, has served as the catalyst for our continued margin improvement. Looking ahead, we plan to build on our success with the Crazy 8 brand and expect to roll out an additional 80 stores in 2011." Gymboree Corporation (GYMB) closed the previous trading day at $65.22 per share. Analysts covering the company's stock give it a consensus price target of $61.38 per share. Read more from Benzinga's Company news.