Children's Place shares soar after earnings beat, dividend doubles

CNBC | on Wed, Mar 8, 5:32 PM

Children's Place shares soared Wednesday after the company reported encouraging fourth-quarter results and full-year guidance. [1] The retailer also announced that it will double its quarterly dividend from 20 cents to 40 cents per share. Shares surged more than 18 percent during the session, for gains of more than 73 percent over the past 12 months. The children's apparel retailer reported adjusted quarterly earnings of $1.88 per share, up 58 percent year-over-year and above the $1.59 a shar...

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