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Carter's: 1Q Earnings Snapshot

ATLANTA (AP) _ Carter's Inc. (CRI) on Tuesday reported first-quarter earnings of $34.5 million.

The Atlanta-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The maker of children's apparel and accessories posted revenue of $741.1 million in the period.

For the current quarter ending in July, Carter's expects its per-share earnings to be 79 cents.

Carter's shares have climbed 31% since the beginning of the year. The stock has risen almost 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRI at https://www.zacks.com/ap/CRI