Children's Place posts narrower-than-expected 2nd-qtr loss
* Second-quarter loss/share $0.62 vs est $0.66
* Second-quarter sales $360.8 mln vs est $353.3 mln
Aug 16 (Reuters) - Children's Place Retail Stores Inc reported a narrower-than-expected quarterly loss, helped by higher sales in the United States and Canada as well as in its e-commerce business.
Second-quarter loss widened to $18.0 million, or 74 cents per share, from $9.7 million, or 38 cents per share, a year earlier.
Excluding items, the kids clothing retailer posted a loss of 62 cents per share.
Revenue rose 5 percent to $360.8 million.
Analysts on average had expected a loss of 66 cents per share on revenue of $353.3 million, according to Thomson Reuters I/B/E/S.
Children's Place shares, which have risen about 24 percent in the last 12 months, closed at $51.57 on Wednesday on the Nasdaq.
- Gaza toll passes 100; Israel to counter rockets 'with all power' |
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- Texas mass murder suspect collapses in court as crime recounted
- British 'Harry Potter' actor David Legeno found dead in U.S. park