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Children's Place Beat Wall Street Estimates

November 19, 2009

Childrens Place (PLCE) posted a third quarter profit of $37.8 million, or $1.37 per share today, as compared to $24.1 million, or 81 cents per share, in the same quarter last year. Net sales climbed three percent to $463.2 million and income from continuing operations came in higher than Wall Street estimates.