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Stock Market & Financial Investment News

News Breaks
November 15, 2012
09:57 EDTPLCEChildren's Place gaps down sharply after guidance cut, levels to watch
The company earlier announced inline Q3 earnings of $1.60 per share, but cut its fiscal year 2012 outlook and Q4 results to well below consensus. For 2012, it sees EPS in a range of $3.10 to $3.15, versus prior guidance of $3.20 to $3.30. For Q4, it cut its outlook to $1.01 to $1.06, versus consensus of $1.24. At the current price of $49.14, next support is at $47.99. Resistance is at $50.89.
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