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Carter's: 1Q Earnings Snapshot

ATLANTA (AP) _ Carter's Inc. (CRI) on Thursday reported first-quarter net income of $42.5 million.

The Atlanta-based company said it had profit of 89 cents per share. Earnings, adjusted for non-recurring costs, came to $1.09 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The maker of children's apparel and accessories posted revenue of $755.8 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $742.7 million.

For the current quarter ending in July, Carter's expects its per-share earnings to be 53 cents.

The company said it expects revenue in the range of $680 million for the fiscal second quarter.

Carter's shares have dropped 11 percent since the beginning of the year. The stock has risen 13 percent 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