Children's Place (PLCE) Stock Closed Higher After Q2 Results

NEW YORK (TheStreet) -- Shares of Children's Place (PLCE) closed up on Wednesday after the company posted a smaller-than-anticipated loss for the 2016 second quarter.

Before today's opening bell, the Secaucus, NJ-based children's retailer reported an adjusted loss of 1 cent per share, topping analysts' estimates for a loss of 23 cents per share.

Last year, the company had a loss of 33 cents per share during the same period.

Revenue for the quarter was $371.4 million, above Wall Street's estimates of $368.6 million.

But third-quarter adjusted earnings per share are forecast to range between $1.93 and $2.01, below analysts' projections. Analysts are looking for earnings of $2.02 per share.

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For the full year, Children's Place now sees adjusted earnings...