UPDATE: Children's Place Reports Q2 Net Loss of $9.8M

Children's Place Retail Stores Inc PLCE released its results for the fiscal second-quarter on Thursday. Children's Place reported a quarterly net loss at $9.8 million, or $0.38 per share, versus a loss of $8.2 million, or $0.30 per share, in the year-ago period. The retailer's revenue declined 0.5% to $343.5 million. Its comparable retail sales fell 5.6%. However, analysts were expecting a loss of $0.39 per share on revenue of $356.3 million. Children's Place also raised the lower end of its earnings guidance range for the year. It now projects earnings in the range of $3.13 to $3.25 per share, versus its earlier range of $3.10 to $3.25 per share. Analysts expected earnings of $3.25 per share. Children's Place shares dropped 2.15% to close at $40.59 yesterday.