Carter’s: Q2 Earnings Snapshot – mySA

ATLANTA (AP) _ Carter’s Inc. (CRI) on Friday reported second-quarter profit of $37 million.

On a per-share basis, the Atlanta-based company said it had profit of 93 cents. Earnings, adjusted to extinguish debt, came to $1.30 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The maker of children’s apparel and accessories posted revenue of $700.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $748.8 million.

For the current quarter ending in October, Carter’s expects its per-share earnings to range from $1.50 to $1.70.

The company said it expects revenue in the range of $850 million to $865 million for the fiscal third quarter.

Carter’s expects full-year earnings in the range of $7.10 to $7.60 per share, with revenue ranging from $3.25 billion to $3.3 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRI at https://www.zacks.com/ap/CRI

Original News Source