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Children's Place profit misses consensus by 34.1% in fiscal Q4

Children's Place Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 61 cents per share, compared with the S&P Capital IQ consensus estimate of 93 cents per share.

EPS decreased 18.9% year over year from 75 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $13.1 million, a decline of 23.0% from $17.0 million in the fourth quarter ended Feb. 1, 2014.

The normalized profit margin rose to 3.8% from 3.6% in the year-earlier period.

Total revenue rose year over year to $479.2 million from $467.5 million, and total operating expenses climbed on an annual basis to $458.2 million from $440.4 million.

Reported net income increased 7.6% from the prior-year period to $16.9 million, or 78 cents per share, from $15.7 million, or 69 cents per share.

For the year, the company's normalized net income totaled $2.59 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.04.

EPS declined 11.0% from $2.91 in the prior year.

Normalized net income was $56.8 million, a decrease of 14.6% from $66.5 million in the prior year.

Full-year total revenue totaled $1.76 billion, compared with $1.77 billion in the prior year, and total operating expenses totaled $1.67 billion, compared with $1.66 billion in the year-earlier period.

The company said reported net income rose 7.2% year over year to $56.8 million, or $2.59 per share, in the full year, from $53.0 million, or $2.32 per share.