Carter's: 2Q Earnings Snapshot

Carter's: 2Q Earnings Snapshot

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ATLANTA (AP) _ Carter's Inc. (CRI) on Thursday reported second-quarter earnings of $37.3 million.

On a per-share basis, the Atlanta-based company said it had profit of 79 cents.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The maker of children's apparel and accessories posted revenue of $696.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $684.1 million.

Carter's shares have declined almost 2 percent since the beginning of the year. The stock has increased 31 percent in the last 12 months.

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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

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